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Data Conversion – Deposits in Transit

July 22, 2024

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  • At this time, there are a limited number of tenders that we receive that are reported by the deposit bank gross of fees, by store, by day.
    • Cash + Checks
    • MasterCard + Visa + Debit Card
  • Other tenders are reported with one or more of the following “complications” net of fees, aggregated by day for the entire chain, aggregated by store for the entire month, or a combination of these issues.
  • The number of deposits that are reported by the deposit bank gross of fees, by store, by day and remaining outstanding as of the end of the pre-go live period could be less than what is useful for this conversion effort.
  • We need further clarity from Multidev to determine how must work we must do in advance to build the data to select the proper GL_MAJ and GL_REV which is store/bank dependent and tender clearing account dependent.