Finacle Command - TM for Transaction maintainance Part - I

TM (TRANSACTION MAINTENANCE) -  finacle command for Transactions
In day-to-day banking operation various customers are making transactions in their accounts.These transactions are either debit transactions or credit transactions. Customer makes these transactions by the way of depositing cash, withdrawing the cash or issue the transfer from one account to another account of himself or another customer.  This finacle command is used for  :- 

• CASH DEPOSIT
• CASH WITHDRAWL
• TRANSFER
  

We can say  ACLI (Account Ledger Inquiry ) is the maiden command In finacle  , and next to learn immediate command  for any Banker is  TM (Transaction Maintance ). By using this finacle command we can create  a transaction for Cash Deposit , Cash Withdrawal , and Cash transfer from one account (Customer/office a/c) to other.

But before going in to details of this command lets first know the basics of the Maker -Cheker concept which is used extensively in finacle.Maker-checker (or Maker and Checker, or 4-Eyes) is one of the central principles of authorization in the Information Systems of financial . Here the segregation of duties plays an important role. In this way, strict control is kept over system software and data keeping in mind functional division of labor between all classes of employees.

Any transaction in Finacle has to be processed by different user i.e. same user cannot enter/Post and Verify the transaction. In other words there is  maker checker concept by two different user IDs.

In a Transaction in accounting procedure there are two basic parts  Debit and Credit. and in finacle a Transaction can have following state:
1. E - Entered 
2. P-  Posted 
3. R - Reset
4. D - Deleted
5. V - Verified

1. E - Entered 

• Transaction is in (E) entered state , actual transfer of fund not take place, accounts will be not updated in the database at server end
• Transaction can be Reset and Can be deleted.

2. P-  Posted 

•   If Transaction is in (P) Posted state, transfer of fund take place with immediate               effect and both accounts get updated in the database at Server end.
•   Transaction once Posted ,can not  be Reset and Can not be deleted.

3. R - Reset

• It reset a Transaction from Entered state / Posted State.4. D - Deleted

• When a transaction or part transaction is deleted , it will be in deleted state.

5. V - Verified
When a transaction is verified by another user , it will be in Verified state.

While creating a Transaction  following functions are used. for creating a new Transaction (Deposit/Withdrawl/Transfer) we use function A . and when we want to copy a transaction we can use function C , after creating transaction i

FUNCTIONS:
A- ADD
C- COPY
D- DELETE
I - INQUIRE
M- MODIFY
V- VERIFY
R- RESET

SUB TYPE
The Sub Type Transaction specify mode of the Transaction.

•  i.e for Payment by a Cashier to a Customer , the Cashier uses NP ( Normal Payment ) for debitting his Customer's account and credit Teller acccount and for reciept , the cashier used NR ( Normal Reciept) for receiving  cash from the Customer and credits customer account by debitting Teller account.
•  if a customer account has to be debitted or credited in a transaction we have to use CI ( Customer Induced) 
• if any Office account has to be debitted or credited in transaction we can use BI (Bank Induced)

Frequently used Different Subtypes:
Though Different Banks have numerous Sub Types for different Purpose following are the frequently Used Sub Types.
C-CASH
L-CLEARING
T-TRANSFER
NP-NORMAL PAYMENT   
NR-NORMAL RECEIPT
CI-CUSTOMER INDUCED
BI- BANK INDUCED
EO- ECS Outward Transaction
EI - ECS Inward Transaction 

Instrument Type :
Instrument Type in a transaction can be Cheque (CHQ), Withdrawal Slip (WD) , Debit Voucher (VD), Credit Voucher (VC)

TO CREATE THE SECOND LEG of a Transaction :
To create the second leg of a Transaction press DOWN ARROW - 
E-ENTRY
P-POSTING
V-VERIFY

Q AND F4 - For Quitting the Transaction.