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?
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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:
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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