You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

ACH Sweep calculation

Question
33
Views
0
Comments
in Account Reconciliation

Summary:

I have a client that is coming from ReconNet, which has a function in which it calculates the daily sweep amounts needed across all their banks and creates a NACHA file to send to the bank to initiate the daily ACH Sweeps. Is there a similar process that can be established in ARC?

Content (required):

I have developed a process in which the opening balance plus transaction matching entries (the adjusted balance) is compared to required minimum balances and the sweep amount is calculated. This can be exported into excel, but how can I put it into NACHA format to match ReconNet functionality?

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!