How to Adjust Non-Recoverable Costs

These are instructions on how to adjust the Non-Recoverable Cost Balance. You can choose to modify only the NRC balance or move the NRC to the COST component.

Tabbing will take you sequentially through data entry.

1. From the main menu of CollectMax click the button.

2. Find the Debtor Account.

3. Once you have found your account, click on the Tab.

4. In the Enter Transaction Code field, type NRCADJ (Adjust NRC/Cost) and click the button, or select NRCADJ (Adjust NRC/Cost) from the list and click the button.

5. Enter the Date of the Transaction.

6. Select an Adjustment Reason:

Convert NRC to COST
Initialize NRC
Client Directive
Conversion
Correction
Court Directive
Dispute by Debtor
Multi-Claim Merge
Other
Write Off

7. Enter a Note to be added to the Transaction History.

8. Enter the Amounts to be adjusted remembering to use a negative if lowering the balance.

Note: Only Cost and NCR balance components are available for adjustment by default. You may choose just to adjust the NRC amount only or to adjust the COSTS and NRC balances as seen above. If you would like to be able to adjust the balances of the other balance fields, please go to System Option/Data Options and select NRC Adj: Allow All Balance to be Adjusted.

9. Click to save transaction.

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