Internal Transfers

Overview of Internal Transfers

Internal transfers allows you to transfer funds from an Investment to a Loan, Gift, or Health Policy account without affecting the cash or bank GL.

• From the DDI Connect main menu, double-click Name/Address System
• Double-click Setup
• Double-click Codes Maintenance
• Double-click Code #531

Setup Instructions:

STEP 1: Update the codes to match your organization’s requirements:

Field	Description
FRBODY	Gift related email body. Modify the email body in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
FRFROM	Gift related email sender. Modify the email address in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
FRLABEL	Investment to Gift Transfer Label This is the label that will appear in the investment payout screen.
FRRCPT	Gift Cash Receipt System.
FRSUBJ	Gift related email subject Modify the email subject in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
FRTO	Gift related email subject. Modify the email address in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
HPBODY	Health policy related email body. Modify the body of the email in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
HPFROM	Health policy related email sender. Modify the body of the email address in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
HPFROM	Health policy related email sender. Modify the body of the email address in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
HPLABEL	Investment to Health Policy Transfer Label. This is the label that will appear in the investment payout screen.
HPSUBJ	Health policy related email subject. Modify the email body in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
HPTO	Health policy related email recipient . Modify the email address in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
LNBODY	Loan related email body. Modify the body of the email in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
LNFROM	Loan related email sender. Modify the body of the email address in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
LNLABEL	Investment to Loan Transfer Label. This is the label that will appear in the investment payout screen.
LNSUBJ	Loan related email subject. Modify the email body in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.
LNTO	Loan related email recipient . Modify the email address in the Text Value 1 field if needed. Uncheck the “Active” flag if your organization will not use this transfer option.

STEP 2: Setup a default suspense GL account. Go to Financial Services - Data Processing - Financial Services Administration - Cash Suspense Accounts. This will be the wash GL that the internal transfer uses instead of the cash GL account.

How to Process Internal Transfers:

STEP 1: 1. Go to Financial Services - Investments - Transactions - 200 Investment Payout. Choose the payment method (Internal Transfer to Loan, etc.) and enter the amount of the transfer.

a. Once the transaction is complete, a mailroom cash batch will be created and an email will be sent to the email address setup in code series #531.

STEP 2: Process you the other side of the transfer. Go to Financial Services - Data Processing - Payment Processing. Find the batch and process.

a. This is a mailroom batch. This means the person that does the transfer in step #1 cannot do Step #2.