Value date banking term profiles

Access in Iziago: Settings > Treasury codification > Value date banking term profiles
 



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Depending on the bank and on the type of payment, the period of time between a transaction's booking date and its value date may vary. A banking term profile allows you to define that period of time for each transaction code. You can assign a banking term profile to one or more bank accounts. When creating a forecast transaction, this will allow Iziago to apply the correct banking term according to the selected transaction code.

Add a value date banking term profile

Access in Iziago: Settings > Treasury codification > Value date banking term profiles

Prerequisite: Have added transaction codes in the Settings > Treasury codification > Transaction codes menu.

  1. Select the Settings > Treasury codification > Value date banking term profiles menu.
  2. Click on +New.
  3. In the Name field, enter the name of the profile.
  4. In the Codification drop-down list, select Transaction code.
  5. In the Calendar by default drop-down list, select a calendar to assign to each transaction code. To add a calendar, refer to Non-working days calendars.
    Note: If you do not select a calendar, Iziago applies the default calendar to each transaction code.
  6. In the table:
    1. In the Shift column, enter the period of time (in days) between booking date and value date for each code.
      • My value date banking term is set at 3 days for the "ICHCKS - Issued checks" transaction code. When creating a forecast transaction, I set the booking date to 01/14/2020. Iziago defines automatically the value date to 01/17/2020.
      • My value date banking term is set at - 3 days for the "ICHCKS - Issued checks" transaction code. When creating a forecast transaction, I set the booking date to 01/10/2020. Iziago defines automatically the value date to 01/07/2020.
    2. If you wish, you can assign another calendar to a transaction code. To do so, select the desired calendar for this transaction code in the Calendar column.
  7. Click on Save.

Assign a banking term profile to a bank account

Access in Iziago: Settings > General settings > Bank accounts

Prerequisite: You must have the Display right as well as the Create, modify and delete right on bank accounts in the Users and Rights > User Administration > Users menu.

When creating your forecast transactions, to use a value date banking term profile different from the default one, you must do the following settings:

  1. Select the Settings > General settings > Bank accounts menu.
  2. Select or search for the desired bank account in the table. The account is displayed in the Edit bank account screen.
  3. In the Activated modules section at the bottom of the page, click on the icon in the Settings column for the Cash forecasting module. The Edit screen is displayed.
  4. In the Value date banking terms field, select the desired profile.
  5. Click on Save. When creating a forecast transaction, Iziago will automatically apply the banking terms defined in this profile.

Duplicate a value date banking term profile

Access in Iziago: Settings > Treasury codification > Value date banking term profiles

This feature allows you to add new profiles quickly without having to do it from scratch. To do so, proceed as follows:

  1. Select the Settings > Treasury codification > Value date banking term profiles menu.
  2. In the Profile drop-down list, select the profile you wish to edit. The profile is displayed in a new screen.
  3. Click on Duplicate at the top of the screen.
  4. In the Name field, enter the name of the new profile.
  5. If you wish, you can modify the fields of the screen then click on Save.

Edit a value date banking term profile

Access in Iziago: Settings > Treasury codification > Value date banking term profiles
    1. Select the Settings > Treasury codification > Value date banking term profiles menu.
    2. In the Profile drop-down list, select the profile you wish to duplicate. The profile is displayed in a new screen.
    3. Click on Edit at the top of the screen.
    4. Modify the desired fields of the screen then click on Save.

    Delete a value date banking term profile

    Access in Iziago: Settings > Treasury codification > Value date banking term profiles
    1. Select the Settings > Treasury codification > Value date banking term profiles menu.
    2. In the Profile drop-down list, select the profile you wish to delete. The profile is displayed in a new screen.
    3. Click on Delete at the top of the screen. A message is displayed to inform you whether this profile is used by one or more accounts. You can:
      1. assign another profile to these accounts before deleting this one.
      2. confirm the deletion by clicking on Delete.