Building and Posting ACH Batches
When you service ACH (automated clearing house) loans, you indicate the draft day on the ACH screen in the Customer Service module. You can automatically create ACH batches for designated draft days.
- Open Payment Processing then click Options > Build ACH Batch on the Payment Processing screen. The Build ACH Transactions screen appears.
- In the Draft Date to Post field, enter the date of the designated draft day that you want to create a batch. This field works with the Draft Day field on the ACH screen in Customer Service.
- Click OK. The Payment Processing screen appears. Servicing Director searches for all ACH loans that have the draft day you specified and adds the transactions to the batch.
- Review and post the batch.
- Do one of the following to indicate whether the batch you want to create compiles internal or external accounts:
- Select External for accounts that are not with your bank.
- Select Internal for accounts that are with your bank.
NOTE: You can post ACH payments individually using Rapid Entry or Exception Entry. If the amount in the Amt Drafted Not Posted field on the ACH screen does not equal zero, you can post a payment equal to that amount with a money type of ACH. However, if the amount in the Amt Drafted Not Posted field does equal zero and you try to post a payment with a money type of ACH, the payment rejects.
ArticleNumber:
000048297