AFSA Realisation Charge accrual, and payment

AFSA Realisation Charge (RC) Accruals

All Debtor Contributions automatically accrue an AFSA RC liability, under Accounts, Liabilities (Other), Realisation Charge Payable, and this is a check against payments made within an administration and used for the Annual Administration Return (AAR).

• When preparing the AAR you reconcile the AFSA RC payments made within the Job against the accrued Realisation Charge Payable liability.

AFSA Realisation Charge (RC) Payment

This article is only suitable for Part IX Debt Agreements.

• • The AFSA RC is a percentage of Debt, it is calculated and paid out via the unsecured creditors dividends.
  • To review how this Charge is created please see - Accepted Debt Agreement Setup - Importing Creditors
  • To review how this Charge is paid please see - Creating Trust Account Distributions