Cash Items in Process of Collection
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Acct Code |
Description |
Tip for pulling data stored in CU*BASE |
|
AS0005 |
Report the credit union's checks or drafts, deposited by its members, that have been sent for collection through another entity for which settlement has not occurred and the funds are not immediately available. Include postal and other money orders and traveler's checks being forwarded for collection. NCUA Recommended Chart of Accounts series 700. |
This is typically a General ledger balance from your credit union balance sheet. Obtain the balance of the G/L account as of quarter end. |
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One or more automation routines are available
for this Account Code. Click |
|
to
select from the available routines and configure the data.
The NCUA provides detailed descriptions on the Call Report Account Codes in their comprehensive Call Report Instructions available with the current Call Report on the http://www.ncua.gov website.
For more information about the 5300 Call Report Software, open the book.