Updating ACH Company Settings

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UIACHD-06

Update ACH Company Record

2249


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This screen will appear when you select a company ID and choose "Update Company" on the first ACH Distribution Maintenance screen.

Use of the "Post distributions" feature

This window is used to specify whether or not to post distributions for a particular company (by company ID and company name).

This should be used only in special situations where distributions are not desired, such as a special bonus payroll. In this case, the box would be unchecked just before the bonus payroll is received, then checked again after the payroll was posted to ensure that future items would post with distributions as normal.

If the check box is changed, use Update Post Distribution (F5) to save the change and return to the previous screen.

Use of the “Post incoming credit transactions early (effective date override)" feature

Important:  If you are an Xtend SRS Bookkeeping client, please contact Xtend before making any changes to this box.

This screen will allow your credit union to override effective date restrictions, which control when incoming credits can be posted.  This allows you to automatically force-post ACH deposits prior to when they would normally hit the members’ accounts, as a special service for certain companies.  This feature is used to post transactions immediately when they arrive in the ACH file.

For example, you might use this with a SEG so that Friday’s payroll transactions are automatically posted immediately when the transactions arrive in Thursday’s ACH file.

On this screen check Post incoming credit transactions early (effective date override) to post ACH credits (for this company ID only) when they arrive in the warehouse.  The transactions will post the next time ACH credits are posted for your credit union (based on your configuration), regardless if the effective date (settlement date) is the following day or later.

If the check box is changed, use Update Post Distribution (F5) to save the change and return to the previous screen.

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#UIACHD-06.htm