Call Savings Account Type Set Up

Call Savings Account Type Set Up

Purpose

To differentiate different types of Call Accounts

Examples maybe:
  1. Call Accounts
  2. Savings Accounts
  3. Share Accounts
  4. Investor Accounts

Access

  1. Accounts | Edit/View Account Types | Account Details | Call Savings System Account Type | 

Dialog Details

The following dialog will display:


Field
Explanation
Interest Action Comm
[F2] to highlight and  the Communication Type that will be created when interest is posted to a Call Account

In the case of an account type that is used for recording shares, the communication type selected here will be the dividend advice notice
Always Create Investment Paid Comm
The above Communication will only be created if the Call Account Interest Action is set to Direct Credit or Cheque

If this tick box is checked, then an Interest Advice Communication will always be created, no matter what the Interest Action
Use Dividend Calculation
Check this on to select the Dividend Calculation Method below

If this is not checked on the Balance method will be used
Dividend Calculation Method

Supplementary Dividend Transaction Type
Only required if Dividend Calculation is being used

[F2] to highlight and  the transaction type that will be used to post Imputation Credits
Withholding Tax Transaction Type
Only required if Dividend Calculation is being used

[F2] to highlight and  the transaction type that will be used to post Imputation Credits
NRWT Dividend Certificate Communication Type
[F2] to highlight and  the Communication Type that will be created when interest is posted to a Call Account for Non Resident Withholding Tax clients
RWT Dividend Certificate Communication Type
[F2] to highlight and  the Communication Type that will be created when interest is posted to a Call Account for Resident Withholding Tax clients
Imputation Credit Trans Type
Only required if Dividend Calculation is being used

[F2] to highlight and  the transaction type that will be used to post Imputation Credits when the dividend is posted
Imputation Credit Tax Rate
Only required if Dividend Calculation is being used

[F2] to highlight and  the Tax Rate that will be used to calculate imputation tax credits
Transfer Call Account
Only required if the net interest value to to be transferred to suspense call account for payout

[F2] to highlight and  the Call Account that the net interest value will post to
Transfer From Transaction Type
Only required if the Transfer Call Account has been entered

[F2] to highlight and  the transaction type that will be used to post the net value interest from on the original call account when the Call Account Interest Posting process is run
Transfer To Transaction Type
Only required if the Transfer Call Account has been entered

[F2] to highlight and  the transaction type that will be used to post the net value interest to on the original call account when the Call Account Interest Posting process is run





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