Savings Account 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. 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. Deposits and withdrawals may be made at any time. Statements are created individually, or may be run on a selected cycle basis. 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. 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:

• 1099 Production with Electronic media for IRS
• Check Writer
• General Ledger Interface
• Report Writer
• Client Server