3.71W Understanding CU*BASE Transactions

Accounting / Back Office

Summary

What are the characteristics of transactions that determine their behavior in processing? How does the system know the originating source of a transaction? How does CU*BASE understand that a withdrawal needs to debit a share general ledger account? When a description is selected for a certain transaction how can I understand the factors that caused that description to match the transaction? How can I balance an out-of-balance condition by scanning for member-offset GLs?

 

In this class, participants will examine the indicators and specific fields in a CU*BASE transaction that dictate how that transaction is processed and reflected to both the member and the general ledger. There is no magic; there is simply understanding the code. So bring your decoder ring and let’s get to it!

Audience

This class is designed for accounting and back-office personnel who need to know the characteristics that define transactions needing reconciling. It’s also geared toward marketing staff who want insight on member-transaction activity to envision product or rebate/service-charge opportunities.

Objectives

 By the completion of this course, participants will have:

 

n Explored the key controlling fields in a CU*BASE transaction record

n Discussed how to use Query and transaction information to reconcile out-of-balance conditions

n Explained how key CU*BASE functions (Inquiry, Phone Operator, ARU, and online banking) communicate transactions to members

Topics

n Origin codes

n Transaction codes and types

n Primary and offset GLs

n Transaction Queries

n Analyzing the “TR” journal entry

n Understanding transaction dates and history files

n Working with processing times

n TRANS1, TRANS2, TRANS3

n Secondary-transaction descriptions

n Account adjustments

n Transaction service charges

n Transaction overrides

n Reversals

n Effective-dated adjustments

n How to use transaction activity for branch reassignments

n How a share/loan-product configuration controls the G/Ls that are offset

n Transaction weight/cost factors

Course Schedule

Future times and dates are to be determined.