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Sometimes, the pool owner withholds some payment amount from the Pooling Distribution period and recovers it in future distribution periods. The Pooling module enables a workflow to settle this. To withhold and then recover a payment to an owner, follow these steps.
1. Set Up the Amount to Withhold from a Distribution Period
For example, to withhold 5% of the total payable to the pool Participant SEATIDE MARITIME from the distribution period Jan 2017:
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Note: Eff Start Date and Eff End Date fields have been added to the Pooling Distribution form.
2. Recover the Withheld Amount in a Future Distribution Period
To recover the withheld amount for the pool Participant SEATIDE MARITIME from the distribution period Feb 2017:
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