1. Human Capital Management Fundamentals Implementation Guide
  2. Company Options

Company Options

These processing options are used to determine the processing information that is included in the prenote transaction file.

1. Enter Effective Deposit Date

Specify the date on which funds are to be deposited into an employee's bank account. If you leave this option blank, the system date is used.

Note: If you enter an offset number in the Offset Effective Deposit Date processing option, the system adds the number of days that you enter in that processing option to the date that you enter in this processing option to determine the effective deposit date. If you leave this processing option blank and enter an offset number, the system adds the number of days tat you enter in that processing option to the system date to determine the effective deposit date.
2. Off Set Effective Deposit Date

Specify the number of days the system should use in the offset formula. If you enter a number in this processing option, the system adds that number of days to the date in the Enter Effective Deposit Date processing option to determine the deposit date for the funds. If that processing option is left blank, the offset days are added to the system date to determine the deposit date. For example, if you enter 1 in this processing option and you leave the Enter Effective Deposit Date processing option blank, the deposit date that the system uses is the system date + 1. If you leave this processing option blank or enter 0, the date that you enter in the Enter Effective Deposit Date processing option is used.

Note: This feature works only if the date in the Enter Effective Deposit Date processing option is entered using MMDDYY format, as required by the clearing house facility.
3. Enter Trace Number (7 pos.)

Specify the trace number, which is assigned by the ODFI, and is used for the creation of automatic deposit and prenote transaction records. This number, which can be as many as 15 characters in length, is used in conjunction with the batch number, transmission date, and file ID modifier to identify records within a file.