Bank Account Balance
The purpose of the Bank Account Balance (ABAL) inquiry is to provide the user with a snap shot of the Estimated Bank Balance in a bank account at a specific point in time. The point in time balance will be constrained by the rate at which updated account transaction information can be provided to the client by the bank. Records are inserted into the inquiry by the ABAL Process on what is likely to be a nightly basis with possible exceptions around weekends and holidays. Furthermore, updates to this inquiry are only possible for banks with a Bank Account Status of Active or Closing.
Field InformationField Information
The following table provides clarity for each section of fields that are not self-evident.
|
Field Name |
Field Description |
|
Beginning Balance |
The Ending Book Balance from the prior record is set as the Beginning Balance of the next record. |
|
Ending Book Balance |
This amount is calculated as the Ending Book Balance from the previous day's transactions, adjusted for the Debits and Credits for the current day's transactions to estimate the balance within Advantage. |
|
Estimated Bank Balance |
This amount is calculated as the Ending Book Balance considering Outstanding Checks (Check Reconciliation data) and Outstanding Deposits (Deposit Reconciliation data) to estimate the balance at the bank. |
Page-level actions/linksPage-level actions/links
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Bank - transitions to the Bank Account reference page.
