Club Accounts processing time is upon us...<\/p>\n
Note:<\/strong> Most of this posting is excerpted from the CAMS-ii Help topic,<\/em> \"Processing Club Accounts.\"<\/p>\n KEY POINTS:<\/b><\/u><\/p>\n You have three disbursement method options: print club checks, transfer the money Before scheduling the club accounts, ensure your that members' club accounts are Before you process your Christmas Club accounts, you must set the Control-Club Account The Control-Club Accounts Parameters are explained in the CAMS-ii Help. Search for Control-Club<\/b> in the CAMS-ii Help. Club accounts\/checks are processed during end-of-period batch processing, preferably IMPORTANT: <\/b> The Club Account process runs during NEXT DAY batch in batch processing, If you are processing club accounts\/checks on a date other than a month or quarter If you are processing during a month-end or quarter end batch processing, set the If you change any dividend rate tables, write down which dividend rate tables you To process club accounts...<\/p>\n 1. Select Process\/Create Club Check Register at Back Office > Standard > Batch Processing > Batch Parameters. <\/p>\n 2. Verify the totals in the Club Checks Register against your G\/L total and Check totals, 3. Print the club checks from CAMS-ii (Back Office > Standard > Check Processing > Club
\nto a share account, or transfer funds to a draft account. All three options are scheduled
\nthrough end-of-period batch processing. <\/p>\n
\nset up with correct disbursement method in data maintenance for the club account.<\/p>\n
\nParameters in CAMS-ii at Back Office > Standard > Parameters > Control-Club Accounts.<\/p>\n
\n\u00c2\u00a0
\nMake sure that you schedule only those sub accounts that you want to distribute.
\nRecommend that you verify club account parameters to make sure they are correct.
\nNote that you can also add a special comment for club checks. <\/p>\n
\nduring month-end or quarter-end batch processing. <\/p>\n
\nwhich means that the club account distribution for November 1st must be run for the October 31st end-of-month batch process, for example. In other words, if you want to process your club account
\nso that the proceeds are distributed tomorrow, you must set up the accounts to process TODAY with TOMORROW's date.<\/p>\n
\nend, you must set the dividend rate table for the club accounts that you are processing
\nto D Daily (On Demand) for both calculation frequency and posting frequency.<\/p>\n
\ncalculation frequency and posting frequency to either monthly or quarterly on the
\ndividend rate tables for the club accounts that you are processing. <\/p>\n
\nchanged and what the original calculation and posting frequencies because you must
\nreset them after processing club accounts. Dividend Rate tables are at Back Office
\n> Standard > Parameters > Dividend Rates Maint. .<\/p>\n
\nif you are printing checks.<\/p>\n
\nAccounts.)<\/p>\n