Approving Process of a Withdrawal Voucher

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Approving Process of a Withdrawal Voucher

To Approved Process of a Withdrawal Voucher, do the following steps:

Select Processing | Microfinance Savings Transactions | Withdraw from Menu or Press the Withdrawal

button

When in Withdraw Maintenance Screen

For each corresponding withdrawal transactions made in CommonCents, a voucher is prepared which has to be checked, approved, and posted to an account.

1. After you have created a new withdrawal transaction record and the transaction grid is filled up with the name/s of the client/s and the corresponding amount that they shall withdraw, you may now be able to start processing the corresponding voucher that is prepared for this transaction.

2. Check the withdrawal transaction voucher.

3. Approve the checked withdrawal transaction voucher. One cannot approve a voucher if this is not marked "checked

".

4. Post the approved withdrawal transaction voucher. You cannot post an unapproved voucher.

Note that a withdrawal transaction voucher can be checked or unchecked.

This is also true with the approval of the voucher, you can unapproved the approved voucher. However, when the approved voucher is already posted, one cannot undo the posted transaction.