Overview
This demonstrates how to associate zero balance accounts (ZBAs) to internal users and to create bank groups so that bank accounts can be grouped together and used to further filter fund claim items in Accounting/Search Fund Claims. Zero balance accounts are typically sub-accounts of a larger settlement account, and are used to receive and hold wires for closings. Users will be able to claim wires from ZBAs to the settlement accounts as long as a relationship exists. Funds in these accounts are then transferred to the settlement account for disbursement. Using ZBAs is useful when customers have many wire accounts and want to limit their users’ access to those accounts, as users can have their permissions restricted to only certain ZBAs.
Associate ZBAs with Main Accounts
Admin/Accounting/Bank Accounts
- Click Zero Balance Accounts to associate ZBAs to the bank account.
- Click Add to add the ZBA account information.
- Enter the Name of the account.
- Enter the Account Number.
- Click Save.
- Repeat for as many ZBAs as are associated with the bank account.
Grant Internal User Access to ZBAs
Admin/Internal User/Edit
- Select the Ledger to which a bank account with ZBAs is assigned in the Ledger-Specific Roles section.
- Click ZBA Access.
- The account selection will default to All.
- If the user should only have access to claim wires from some of the account’s ZBAs, click the Selected radio button.
- Click Add.
- Select the ZBAs to which the user should have access and click Add.
- Click Save.
If one of the ZBAs should be the user’s default ZBA, check the Default box.
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- If a user has a default account selected, a user claiming a wire will be directed to this ZBA first.
- NOTE: If a user should have access to all ZBAs for the bank account and have a default account, choose the Selected option, use Add All to add all the ZBAs, and select a default account.
- Click Save.
