You can reverse a subrogation/recovery receivable that has already been posted. You would need to do this, for example, if you posted the subrogation/recovery receivable by mistake.
You have posted the subrogation/recovery receivable and it has the status
Requested
(see
Status of Subrogation/Recovery Receivable
). This means that the collections and disbursements system has not yet reported back any cash receipt at all for the amount requested.
You are working in collective subrogation/recovery processing on the
Settlements
tab page.
In the
Settlement Overview
section, double-click to select the settlement whose receivable you want to reverse.
Choose
with the quick info text
Reverse
.
The subrogation/recovery receivable is given the status
To Be Reversed
. Once you save the data, the subrogation/recovery receivable has the status
Reversed
.
The collections and disbursements system reverses the document.