Uncollected Settlement Checks Report

This article was developed to describe the function of the Settlements - Uncollected Shipped Checks Report that is available within the FORTH CRM.

Overview

This report displays all unpaid settlements from the last 90 days. FORTH defines uncollected specifically as anything that has not been cleared and remains in the PENDING, LOW BALANCE, or SHIPPED status.  This report can be used to reconcile and track unpaid debts, minimize missed payments, and avoid broken or voided settlements.

This report can be used to manage all unpaid or uncleared settlement payments, including scheduled direct payments. Some of the features of this report include:

• Ability to sort by the oldest outstanding settlement within the last 90 days
• Research checks shipped that should have been cashed/cleared
• Display the total amount of settlements that are unpaid for a given time
   

How to Access

To begin, click on the Accounting Tab.

Scroll down, and click on Settlements - Uncollected Shipped Checks (see the left-hand side of the page).

How to Use

This report displays the following information:

SUGGESTION: Address the oldest settlements first to minimize the potential for broken or voided settlements.

To change the order by oldest settlement, click the Process Date column header (see the red highlighted area in the image above), and the page will refresh to display the results.  If you prefer to see the newest settlements first, click the Process Date header again, and the page will refresh to order by the newest date.

Viewing Uncollected Direct Payments

To view by payment type, click the Sub Type column header, and the page will sort by each payment type.  For Direct Payments, click the Sub Type twice to show these results at the top of the page. Clicking once will show Direct Pay, but you must scroll to the bottom, since the list is sorted alphabetically by payment type. Clicking twice reverses the sort order, showing Direct Payments at the top of the display.

This is a summary of some of the features available to sort/view/ act upon using this report.

For settlements marked as having a low balance, we suggest using the low balance forecast report to review advance funds from your company’s reserve account. If you do not have a reserve account or have additional questions about this report, please contact Forth at Settlements@setforth.com for assistance.

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