Dormant Account
- Puneeth0
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11 years 7 months ago #13827
by Puneeth0
Dormant Account was created by Puneeth0
Can Any 1 Tell Me The Work Flow Of Dormant Account In T24?
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- kripesh
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11 years 7 months ago #13829
by kripesh
Have a great day !
Replied by kripesh on topic Dormant Account
The field INACTIVTY.MONTHS in the COMPANY record indicates the number of months without customer activity before an account is declared inactive. An account is marked to inactive during the close of business.
The application ACCT.INACTIVE.RESET is used to remove the inactive setting in the account. The value of the RESET.DATE must be today. During the Close of business the INACTIV.MARKER field in the account record will be cleared.
The application ACCOUNT.CLOSURE is used to close accounts whether online or during the close of business. The account number is used as the record id, and the system will calculate outstanding interest, premium interest and charges. You may amend the capitalisation date, settlement account and the posting restriction to be placed on the account record
Interest and Charges are calculated on the value dated balances and account activity statistics stored in the ACCT.ACTIVITY file, taking into account all entries over the account up to and including the last end of day processing.
When an account is flagged for closure, any entries over the account require an override.
During end of day processing the following working day, if the OPEN.ACTUAL.BAL and OPEN.CLEARED.BAL are both zero, the account is closed
If it is required to close the account online then the field CLOSE.ONLINE should be set to Y. In addition to this the user must decide which application will be used to pass the entries, which will settle the account. FUNDS.TRANSFER, TELLER or ACCOUNT.CLOSURE can be used to pass these entries. The field CLOSE.MODE will accept FT, TELLER or NULL, if NULL is specified then ACCOUNT.CLOSURE will be used. Once the ACCOUNT.CLOSURE record is authorised the system will raise the relevant entries and move the account record to history.
If FUNDS.TRANSFER is used after the ACCOUNT.CLOSURE record is input the system will automatically raise an FT record and place it on hold, the id of the FT is stored in the field FT.ID. Once the FT has been authorised, and the OPEN.ACTUAL.BAL and OPEN.CLEARED.BAL are both zero, the ACCOUNT.CLOSURE record should be authorised and the account is closed and moved to history.
If Teller is specified in the ACCOUNT.CLOSURE record, the system raises a TELLER.DEFAULT record the ID of record is the ACCOUNT number, this record holds information that will be used in the TELLER transaction which will pass the entries. The user is required to input a TELLER record, the ID of the TELLER.DEFAULT record should be populated in the OUR.REFERENCE field of the TELLER, (once the TELLER.DEFAULT record has been processed it can not be reused), and this will then populate the transaction with details from the ACCOUNT.CLOSURE. Once the TELLER is authorised and the OPEN.ACTUAL.BAL and OPEN.CLEARED.BAL are both zero, the ACCOUNT.CLOSURE record should be authorised, and the account will closed and move to history.
The application ACCT.INACTIVE.RESET is used to remove the inactive setting in the account. The value of the RESET.DATE must be today. During the Close of business the INACTIV.MARKER field in the account record will be cleared.
The application ACCOUNT.CLOSURE is used to close accounts whether online or during the close of business. The account number is used as the record id, and the system will calculate outstanding interest, premium interest and charges. You may amend the capitalisation date, settlement account and the posting restriction to be placed on the account record
Interest and Charges are calculated on the value dated balances and account activity statistics stored in the ACCT.ACTIVITY file, taking into account all entries over the account up to and including the last end of day processing.
When an account is flagged for closure, any entries over the account require an override.
During end of day processing the following working day, if the OPEN.ACTUAL.BAL and OPEN.CLEARED.BAL are both zero, the account is closed
If it is required to close the account online then the field CLOSE.ONLINE should be set to Y. In addition to this the user must decide which application will be used to pass the entries, which will settle the account. FUNDS.TRANSFER, TELLER or ACCOUNT.CLOSURE can be used to pass these entries. The field CLOSE.MODE will accept FT, TELLER or NULL, if NULL is specified then ACCOUNT.CLOSURE will be used. Once the ACCOUNT.CLOSURE record is authorised the system will raise the relevant entries and move the account record to history.
If FUNDS.TRANSFER is used after the ACCOUNT.CLOSURE record is input the system will automatically raise an FT record and place it on hold, the id of the FT is stored in the field FT.ID. Once the FT has been authorised, and the OPEN.ACTUAL.BAL and OPEN.CLEARED.BAL are both zero, the ACCOUNT.CLOSURE record should be authorised and the account is closed and moved to history.
If Teller is specified in the ACCOUNT.CLOSURE record, the system raises a TELLER.DEFAULT record the ID of record is the ACCOUNT number, this record holds information that will be used in the TELLER transaction which will pass the entries. The user is required to input a TELLER record, the ID of the TELLER.DEFAULT record should be populated in the OUR.REFERENCE field of the TELLER, (once the TELLER.DEFAULT record has been processed it can not be reused), and this will then populate the transaction with details from the ACCOUNT.CLOSURE. Once the TELLER is authorised and the OPEN.ACTUAL.BAL and OPEN.CLEARED.BAL are both zero, the ACCOUNT.CLOSURE record should be authorised, and the account will closed and move to history.
Have a great day !
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- kripesh
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11 years 7 months ago #13830
by kripesh
Have a great day !
Replied by kripesh on topic Dormant Account
The system will not allow an account to be closed if it meets one of the following criteria
• Part of a SAM
• Direct Debit
• If it is a liquidation account
• Interest compensation account
• Charge account
• All-In-One account
• Part of a sweep account
• Part of a cash pool
• Not in current company
• Part of collateral
• Unauthorised AC.PENDING exists
• Blocked using AC.BLOCK.CLOSURE
• Closure should not be flagged when account is in suspense
• Part of a SAM
• Direct Debit
• If it is a liquidation account
• Interest compensation account
• Charge account
• All-In-One account
• Part of a sweep account
• Part of a cash pool
• Not in current company
• Part of collateral
• Unauthorised AC.PENDING exists
• Blocked using AC.BLOCK.CLOSURE
• Closure should not be flagged when account is in suspense
Have a great day !
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- Puneeth0
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11 years 7 months ago #13831
by Puneeth0
Replied by Puneeth0 on topic Dormant Account
Hi kripesh,
Thanks For Ur Reply. Please Tell Me How To Prepare Test Cases On Dormant Account.
Area To Be Cover: Enquiry: List Of Inactive Accounts, Closed Accounts, Dormant Account
Greater Than 12 Months,Dormant Account By Selection Criteria.
Thanks Regards,
Puneeth B U
Thanks For Ur Reply. Please Tell Me How To Prepare Test Cases On Dormant Account.
Area To Be Cover: Enquiry: List Of Inactive Accounts, Closed Accounts, Dormant Account
Greater Than 12 Months,Dormant Account By Selection Criteria.
Thanks Regards,
Puneeth B U
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- kripesh
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11 years 7 months ago #13832
by kripesh
Have a great day !
Replied by kripesh on topic Dormant Account
1. Set Inactive Months differently for different companies and check if
the INACTIVE marker is set accordingly after number of COBs run
2. Check the application ACCT.INACTIVE.RESET by setting dates
that is equal to TODAY , a backdate and also a forward date if it allows.
3. See if the INACTIV.MARKER is removed accordingly.
4. Input some transactions using this INACTIVE accounts and see if overrides are raised
accordingly.
5. Try using these dormant Accounts in some local applications that has an ACCOUNT field
and see how it behaves.
6. Try doing the same for an Internal Account as well.
7. Run all enquiries related to Inactive accounts / Closed accounts to see if relevant
records are displayed correctly.
the INACTIVE marker is set accordingly after number of COBs run
2. Check the application ACCT.INACTIVE.RESET by setting dates
that is equal to TODAY , a backdate and also a forward date if it allows.
3. See if the INACTIV.MARKER is removed accordingly.
4. Input some transactions using this INACTIVE accounts and see if overrides are raised
accordingly.
5. Try using these dormant Accounts in some local applications that has an ACCOUNT field
and see how it behaves.
6. Try doing the same for an Internal Account as well.
7. Run all enquiries related to Inactive accounts / Closed accounts to see if relevant
records are displayed correctly.
Have a great day !
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- bala_gates
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11 years 2 months ago #14817
by bala_gates
Replied by bala_gates on topic Dormant Account
Hi
can you tell me how to supress the system genarated transaction in dormat account like debit / credit interest or any charges.
Regards
R Balaguru
can you tell me how to supress the system genarated transaction in dormat account like debit / credit interest or any charges.
Regards
R Balaguru
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- jpb
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11 years 2 months ago #14819
by jpb
Replied by jpb on topic Dormant Account
just a quick idea :
set up conditions based on INACTIV.MARKER in ACCOUNT
set up conditions based on INACTIV.MARKER in ACCOUNT
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- MasterL
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5 years 9 months ago #22020
by MasterL
Replied by MasterL on topic Dormant Account
This works best if you are using IC.CHARGE to generate monthly charges since you can attach a routine to IC.CHARGE.PRODUCT to charge only when certain conditions are met.
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