Configuring the holdover period for a shared payment

Menu 10.1.1

The holdover period between the date a shared payment is posted and the date the payment is eligible on a client statement allows time for the payment to clear the bank. You can specify a different holdover period for each client or in each transaction as it is posted (this feature is predominately used when clients choose not to share NSF reversals).

To update the holdover period for a shared check payment:

1. From the Master menu, navigate to Management Strategy > Agency > Agency/Branch Update (menu 10.1.1).

   

2. In the Agency/Branch Update window, select Update Agency Record, and press Enter or click Ok.

3. In the Agency Update screen, in the Holdover Days field, type the default number of days to hold a payment for clearing, and press Enter.

   

4. To exit the screen, type # in any field, and press Enter.

5. At the OK to File? prompt, do one of the following:

   • To save the branch record and return to the Agency/Branch Update window, press Enter.
   • To discard the branch record and return to the Agency/Branch Update window, type N, and press Enter.
   • To go back and make changes to the current screen, type /, and press Enter.

   After you save your changes, the screen displays the message that your changes are saved.