Employees with the responsibility of a credit union’s financial performance need efficient workflows to manage the volumes of financial and operational information. Executive leadership and other significant stakeholders rely on the accuracy of the information to assess and evaluate long-term operational goals, budgets and forecasts. CU*BASE Gold is designed to reduce time and effort to maintain daily accounting processes.

Accounting

  • Accounts Payable

  • Aggregated Cash movement

  • Automated Beginning-of-Day and End-of-Day processing

  • Automated transaction audit
  • Automated transaction generated journal entry
  • Cash/vault system management
  • Clearing, suspense, and settlement accounting
  • Custom queries and key reports

  • Daily income and expense

  • Data retention

  • Financial and subsidiary analysis
  • General ledger control
  • Invoice scanning
  • Member communication tools
  • Member, vendor, corporate accounting
  • Member/general ledger system
  • Physical cash
  • Teller system

General Ledger

  • 90-day-delinquent loan interest

  • Chart of accounts maintenance
  • Advanced general ledger
  • Advanced general ledger history inquiries
  • Budget overview
  • Electronic online data repository
  • General ledger closing
  • General transaction report
  • Journal entry templates

  • Member account adjustment report

  • Prints general journal or history (daily) 

  • Prints monthly general ledger history for account range

  • Prints transaction generated system journal analysis
  • Smart operator review (time stamps of automated processes)
  • Trial balance general ledger verification
  • Vault general ledger verification

Daily Processing

  • ACH-processing

  • Daily-balancing
  • ATM/debit card activities
  • Automated monthly dividend/interest-accrual processing
  • Corporate-draft/money-order reconciliation (may be automated)
  • End-of-month activities
  • Share draft-processing

Bookkeeping

  • 5300 Call Report

  • Post settlement/return amounts to general ledger
  • ACH-exception processing
  • Daily Balancing (SRS) run sheets
  • End-of-day exception reports
  • Reconcile ATM/debit card/online credit card vendors
  • Reconcile change fund trial balance
  • Share draft-exception processing
  • Work exceptions w/cu policies and procedures

Checks & Accounts Payable

  • Accounts payable (checks and ACH)

  • Check flow
  • Automated change fund general ledger sweeps
  • Automated reconciliation
  • Bank reconciliation
  • Check register printing
  • Check reprints

  • Laser checks

  • Money orders
  • Multiple bank IDs and control totals
  • Smart checks
  • Teller/member checks
  • Vendor relationships
  • Void process

Financials

  • 5300 financials

  • Budget format
  • Balance sheet
  • Income statement
  • Board format
  • Custom-designed reports
  • Daily-reconciling reports
  • Membership format

  • Month end

  • Multiple key accounting report formats
  • Non-earning assets
  • Quarterly
  • Trial-balance format
  • Year end

Integrated Subsidiary Ledger System

  • Accrued-expense

  • Investment trial balance
  • Fixed-asset
  • History log for analysis and management review
  • Investment policies

  • Investment-counseling system

  • Post and report activity
  • Prepaid-expense
  • Trial balance investment reporting system

Member Checking, Payroll Processing, & Vendor Accounting

  • Balancing and posting payroll

  • Corporate-check-reconciliation options
  • Balancing clearing account
  • Balancing suspense account
  • Clearing accounts
  • Day-to-day cycle of receiving, posting, and settling draft files
  • Exception processing and fees
  • Origination points
  • Payroll group database
  • Payroll processing history

  • Posting sequences and accounting summary

  • Reposting options

  • Settlement accounts and reconciliation
  • Share-draft/checking accounts
  • Share draft returns
  • Suspense accounts
  • Tracking electronic debits, reversals, and final settlements
  • Tracking payroll information
  • Transaction-generated transaction analysis

ACH Processing

  • ACH as settlement tool

  • ACH overdraft-transfer
  • ACH company/member information
  • ACH posting
  • ACH transfers

Year-End Planning

  • 1099/1098 tax report

  • Form 5498 (CMG and self-administered)
  • A/P vendors (1099-MISC reporting)
  • Bonus dividend and loan-interest rebates
  • Form 1099-R (CMG administered)
  • IRA balance
  • IRAs
  • Loan categories (1098 reporting)
  • Share and CDs (1099-INT reporting)
  • Tax forms and pricing
  • Verification reports

Multi-Corporation Processing

  • Branch Accounting

  • CPI reporting
  • Cash handling
  • Configurations
  • Corrections/adjustments
  • Credit bureaus
  • Financial statements

  • Member communication

  • Multiple charts of accounts
  • Opening accounts
  • Plastics
  • Rates
  • Third-party interfaces
  • Tiered services

Day-to-Day Management

  • AIRES

  • Credit union fixed assets review
  • Base rate
  • Certificate-redemption forecasting
  • Collections review
  • Department inquiries
  • Dividend forecasting
  • Employee security
  • File maintenance

  • General ledger and financial review

  • Plateau rate
  • Rate management and control
  • SEG/sponsor management
  • Split rate
  • Vendor review