Top 4 Uses for Custom Transaction Codes
Aired: October 2, 2013
Don't let your software dictate your business practices. Let your business practices define your software setup through the use of custom transaction codes. Watch this webinar session to see examples of how you might use custom transactions codes to create:
- Separate Fee Buckets: Create any type of fee and fee payment transaction.
- Unfunded Reserves: Use custom codes to make holdbacks easy.
- Impound/Escrow Buckets: Track separate types of impounds such as Taxes and Insurance.
- Amortized Fees: Automatically report amortized fees such as origination fee income and discount income to separate general ledger accounts
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