Company Options

These processing options specify company-specific information that is required by the banking institution.

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 processing 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 in that processing option to the date 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 that you enter in that processing option to the system date to determine the effective deposit date.

2. Off Set Effective Deposit Date

Specify a date to be used with the offset formula to determine the date on which funds should be deposited into an employee's bank account. If you enter a number in this processing option, the system adds that number of days to the date in the Effective Deposit Date processing option to determine the deposit date for the funds. If you leave that processing option blank, the system adds the offset days to the system date to determine the deposit date.

For example, if you enter 1 in this processing option and leave the Enter Effective Deposit Date processing option blank, the system uses the deposit date system date plus 1. If you leave this option blank or enter 0, the system uses the date that you enter in the Enter Effective Deposit Date processing option.

Note: This feature is enabled only if the date in the Enter Effective Deposit Date processing option uses the MMDDYY format, as required by the clearing house facility.

3. Enter Trace Number (7 pos.) (enter trace number (7 positions))

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