In order to start the benefit processing cycle, Accountant has to upload the
following Bank file first: Bank Allocation ACH Deposit allocation Bank Exception.
Accountant can Process ACH Benefits only if the File status is Pending New Pending Approval.
Accountant can reprocess the benefits again as long as ALL the benefits are not approved for that benefit date. True False.
I CANNOT approve the Benefit Allocation from the ACH Benefit Allocation Page for the following Tab Bank Adjustment ACH Debit Advice Others.
I can RECATEGORIZE a Non-FMU Client as a FMU Client from the ACH Benefit Allocation Page. True False.
I can approve individual transactions in the Correct Allocation Tab. True False.
Accountant1 uploaded an ACH Deposit File for 04/03/2010. Accountant2 does not know about this. Accountant2 wants to upload ACH Deposit file for 04/03/2010. Can he upload the file again? No.. File is moved to the Archive folder as soon as it is uploaded successfully. Yes..File is still available in the inbound folderas we have not uploaded the
other benefit files.
Accountant clicked on the Summary link in the Benefit Tab. What will he see Details of the file uploaded Control Count & Control total summary of the Benefit files for that benefit date.
Accountant received benefit files on 03/31/2010. He wants to apply it to the month of April 2010. What are the options available? Process it today with Trans Month and Trans Year of April 2010 Wait to process the benefit files till it becomes 04/01/2010.
If atleast one benefit from a benefit file is approved, the status of the benefit file processing is shown up as Pending New Pending Approval.
Approval of benefit transaction in the Bank Adjustment Tab will create adjustment accounting entries Yes.. FMU has to follow the bank and create adjustment entries in the system No.. In this case, Bank is following FMU. We have already made adjustment entries in our system.
Accountant have a choice to select benefit row ONLY from one of the grid in the Others TAB No.. They have to select one row from the System Grid and other row from the Bank Allocation or Bank Exception grid Yes.. They can select one row and decide which allocation category to apply to.
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