Savings Accounting System

The Savings Accounting System will accommodate various types of savings plans. Designed to allow one-time entry of the Customer Information File, which can be tied to as many accounts as necessary. Look for the following features and benefits.

• Accounts are set-up according to size, type, and class, and reports may be generated accordingly.
• Compounding may be done daily, monthly, quarterly, semi-annually, or annually.
• Statements may be created individually, by group, or for all accounts.
• Complete accounting of accrued interest is available at all times including: interest paid to customers, interest due and unpaid to each and all customers, and total unpaid interest for each class and type.
• Deposits and withdrawals may be made at any time.
• Interest may be paid to the customer or any designated individual, added to principal account, or transferred to another account.
• Check-writing option permits automatic payment of interest. Records are kept of pledged savings, income tax withheld, and interest paid out.
• Inquiry of customer or account balances is always available, and Truth-In-Savings quoting is incorporated.

Available Options:

• Production with Electronic media for IRS
• Check writing
• General Ledger Interface
• Report Writer (For UNIX Platform)
• Client Server (For WINDOWS Platform)