Maintain ACH Run Parameters
Access this screen by selecting Tool #113: ACH Posting Controls Config.
This screen is used to determine when warehoused ACH transactions are posted.
CAUTION: Care should be taken when making changes to this screen. Review the Posting Debits and Credits – Important Considerations topic for more information on considerations when posting ACH debits and credits.
Warning: Same-day ACH requires that same-day items (credits and debits) must be posted on the day that they are received. Refer to Posting Debits and Credits – Important Considerations
Important: If you are an Xtend SRS Bookkeeping client, please contact Xtend before making any changes to this configuration.
When are the ACH debits and credits posted?
For each ACH ‘Run’ at CU*Answers (which consists of retrieving ACH files from the Federal Reserve Bank, moving the transactions into your CU’s warehouse, and posting items with today’s effective date), you may choose to post credits, debits, both, or none, When setting your ACH configuration, please be aware of same-day regulations from the Federal Reserve Bank. Refer to NACHA guidelines for specifics.
IMPORTANT NOTE: Only items with an effective date of today will be posted. Just choosing to add an additional posting to the day (such as activating credits in Run 3) does not necessarily make ACH items post any faster than they otherwise would because the posting process uses the effective (or “settlement”) date on the incoming ACH item. If you would like to post a specific company’s credits as soon after they arrive as possible, you can use either the Early Post/Effective Date Override for Specific Company IDs feature or the Extract/Post Single ACH Company feature. WARNING: your CU may be responsible for any transactions that are posted prior to the effective date.
For more information about when ACH files are received, refer to Posting Debits and Credits – Important Considerations.
If you make changes to this screen use Accept (F5) to save your changes. CARE SHOULD BE TAKEN BEFORE MAKING CHANGES TO WHEN DEBITS AND CREDIT ARE POSTED. Learn more: Posting Debits and Credits – Important Considerations.
If you want to use the Early Post/Effective Date Override for Specific Company IDs feature to post transactions early (when they arrive in the warehouse), check Allow early post/effective date override for specific Company IDs. You will also have to indicate on the specific company ID on this screen that you wish to use this feature (for this single company ID) by checking the Post incoming transactions early/effective override box.