Account (form)

 New

 Creates a new record.

 Save

 Saves current record.

 Save and new

 Saves current record and resets the form to prepare a new record.

 Save and close

 Saves current record and closes the form.

 Close

 Closes the list or form being viewed.

 File > Page setup

 Opens a page setup dialogue box to set printing parameters.

 File > Print preview

 Opens a print preview box.

 File > Print

 Opens a dialogue box to select print options.

 File > Refresh

 Refreshes the information in the current list or form being viewed.

 Client

 The name of the business party.

  This field will not appear for omnibus accounts.

 Classify investments as long-term

 Select this check box to classify investment accounts as long-term.

  This check box is disabled unless the type Investment account is selected.

 Account type

 The type of account.

  Some of these fields may only be available on Primacy Workplace version 2016.4.1.0.

• Accounts payable
• Accounts receivable
• Cash
• Credit card
• Current asset
• Current liability
• Depository
• Fixed asset
• Investment
• Long term liability

 Account name

 The name of the account. Can be renamed from the default account type name.

 Business unit

 Type the name of the business unit, or select it from the list.

 This is a discretionary account

 Select this check box if the account is a discretionary. The client would have discretion over the funds in  the account, meaning you can make decisions on what to do with the funds in the account. This will also  determine which fee is charged as part of the AUM/AUC month end fee calculation. Is discretionary will  charge the AUM fee and if this checkbox is not checked, the AUC will be charged.

 Currency

 The currency of the account.

 Financial institution

 The name of the financial institution.

  This field is already populated and disabled if the type Omnibus account was selected.

 This is a fiduciary account

 Select this check box if the account will be a fiduciary account. This will be checked automatically for accounts held outside of the Master Institution.

 Trust account

 Select this option if the account is a trust account.

 Trust or operating account

 Select this option if the account is an operating account. Internal bank accounts should be operating accounts for your own operations. Trust accounts should be accounts which have client funds in them.

 Omnibus account structure

 Whether or not this account will be a part of an omnibus account structure. These are pooled accounts, where one physical bank account holds the funds of multiple clients.

 Omnibus account

 Select an omnibus account from those offered in the list.

  This field is disabled by default. To enable, you must select the Omnibus account  structure check  box.

 Account number

 A nickname for the account.

 Minimum balance/overdraft limit

 The minimum balance required in the account before the system begins to provide warning  messages  for any transaction involving this account.

 Hold balance

 The minimum amount of funds to hold within the account.

 Related account

 The related associated account. In order to select an account

  This field is required for credit card and investment account types.

 Deposit/withdraw interest to/from

 If selected, interest amounts will be posted to the selected account rather than posting them  in this  account.

 Allow payments from this account

 Select this check box if this account will allow payments.

 Allow trading from this account

 Select this check box if this account will allow trading.

 Allow Fees from this account

 Select this check box if this account will allow fees.

 Default payment account

 Select this check box if this account will be the default payment account.

 Default trading account

 Select this check box if this account will be the default trading account.

 Default fee account

 Select this check box if this account will be the default fee account.

 Account supports auto reconciliation

 Whether or not this account support automatic reconciliation.

 Notice period

 Enter the amount in days to be given if a notice period applies to the account.

 Actual frequency

 Enter the frequency interest is accrued on the account.

 Capitalization frequency

 The frequency interest is applied to the account.

 Capitalization day of month

 The day of the month interest is to be applied to the account.

 Statement printing

 This filed is not currently in use.

 Statement frequency

 The frequency of which statements are issued for the account.

 Statement day of month

 The day of the month the statements are issued.

 Statement copies

 The number of statements to be printed.

 Signing arrangements

 The signing arrangements on the account.

 Last capitalization

 The date interest was last capitalized.

  The data in this field is system generated.

 Next capitalization

 The date interest is next capitalized.

  The data in this field is system generated.

 Last statement

 The date the account statement was last printed.

  The data in this field is system generated.

 Next statement

 The date the account statement will next be printed.

  The data in this field is system generated.

 Override deposit interest rate

 A default deposit rate is defined per type of account. Selecting this check box will replace the default rate  with a custom rate for the specific bank account as per the next two fields.

 Use this rate

 Enter the interest rate to replace the default rate.

 Adjust rate by

 Enter a variance to apply to the default rate e.g. 0.05. This will give this account a deposit rate of 1.55 if  the default rate was 1.5.

 Override overdraft interest rate

 A default overdraft rate is defined per type of account. Selecting this check box will replace the default  rate with a custom rate for the specific bank account as per the next two fields.

 Use this rate

 Enter the interest rate to replace the default rate.

 Adjust rate by

 Enter a variance to apply to the default rate e.g. 0.05. This will give this account an overdraft rate of 1.55  if the default rate was 1.5.

 Capitalize deposit interest

 Not in use currently. This will be used when full trust income /capital separation accounting is  operational and will record interest earned as a capital item instead of as income or expense item.

 Capitalize overdraft interest

 Not in use currently. This will be used when full trust income /capital separation accounting is  operational and will record interest paid as a capital item instead of as income or expense item.

 Add fee calculation

 This tab is not currently in use.

 Custom fields

 Custom fields with the Purpose field set to Due diligence and the Applies to field set as  Financial  account will be listed under this tab.

 Credit card number

 The number allocated to the credit card.

 Credit limit

 The credit limit of the credit card.

 Expiry date

 The credit card expiry date.

 Due day

 The monthly payment due date.

 Override processing fee

 Select this check box to override the standard processing fee amount.

 Fee amount

 Enter the processing fee amount.

  This field is only available if the Override processing fee check box has been selected.

 Associated A/P account

 The Accounts receivable account associated with the investment account.

 Associated A/R account

 The Accounts payable account associated with the investment account.

 Associated segregated managed portfolio

 The Segregated managed portfolio account associated with the investment account.

 Reporting currency

 The currency in which the asset values are reported in.

 Model portfolio

 Select a model portfolio from the options offered in the list.

  To add a model portfolio see How to setup a model portfolio.

 Add note

 Click the Add note button to enter notes to this account. 

 Record ID

 The current record's identification number.

 Created by

 The user who created this record.

 Created on

 The date this record was created.

 Modified by

 The last user to modify the details of this record.

 Modified on

 The date this record was last modified.