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T24 Category Codes and Interest Adjustments

This document discusses how the system handles interest adjustments for previous periods. It can be configured to categorize adjustments for previous year and month interest as debits or credits. When correcting a past capitalization, it will post the adjustment to either the last financial year or current year based on the correction date. Debit adjustment categories must be between 51000-51999 and credit between 50000-50999.

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241 views4 pages

T24 Category Codes and Interest Adjustments

This document discusses how the system handles interest adjustments for previous periods. It can be configured to categorize adjustments for previous year and month interest as debits or credits. When correcting a past capitalization, it will post the adjustment to either the last financial year or current year based on the correction date. Debit adjustment categories must be between 51000-51999 and credit between 50000-50999.

Uploaded by

lolitaferoz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Category Codes and Interest Adjustments

It is possible through fields on the ACCOUNT.PARAMETER application to configure the CATEGORY


codes used to book adjustments to the previous year and month, for all types of interest (Debit,
Debit2, Credit and Credit2). At correction time of a previous capitalisation the system will compare the
capitalisation date against the last FINANCIAL YEAR.END.
In the COMPANY record and if the correction date falls in the last year the P&L adjustment will be
posted to the last year category, if not it will be posted to this year. Debit interest adjustment
categories must be in the range 51000 to 51999 and credit interest adjustment categories must be in
the range 50000 to 50999.
The ACCOUNT application is accessed through the following menus and sub‐menus.

Accounts Menu

 Various Customer Accounts


 Internal Accounts
 Close Accounts On‐Line
 Authorisation of Accounts
 Authorise Account Closure
 Account Enquiries
•List of Accounts
• Search for an Account
• List of Customers by Accounts
• Account Balances
• Account Statement
• P/L Account Statement
• Account Settlement Enquiry
• List of Inactive Accounts
• List of Closed Accounts
• List of Accounts Opened
• List of Accounts Written Off
• List of Accounts Below Minimum Balance
• Balances Summary
• Deceased Customer List
• Dormant Accounts Greater than 12 Months
• Dormant Accounts by Selection Criteria
• Account Balances by Customer
Other Actions:
 Reset Inactive Accounts
 Current Accounts with Revolving Credit Facility
 Dividend Handling
 Messaging
 Savings Insurance Claim Processing
Role Based Home Page
Customer Service Agent Home Page>>Search Customer>>Accounts>>Select from the menu under
‘Shortcuts’

All-in-One Home Page>>Customers>>Search for Customer>>Accounts>>Select from menu under


‘Shortcuts’

10 InclusiveBankingSuite Product
10 InclusiveBankingSuite Product

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