Transaction Related FAQs

Many times in Finacle, we have different questions  regarding a transaction in finace following are the few FAQs which will help you surely mastering Finacle.

1.  I have wrongly posted a part transaction by pressing P and F4 but I have not yet committed/saved the transaction. How can I set it right without redoing the whole exercise?

• Use sub-option ‘R’ in the same place where you had used ‘P’ option while posting; now press F4 (Accept key). The part transaction will come back to unverified/unposted state. 

2.   How to see who has created / modified / posted / verified and time when the transaction was posted?

• Use TM option and in the sub-option give O-Other part-tran inquiry and press F4 to know the details

3.  When posting a transaction system gives error “Additional details not   entered”?

• Use TM – sub-option – A – Additional details screen, enter the additional details and then post the part-tran 

4.   How to get the transaction-id of a transaction which is by mistake not noted   and also to inquire on it?

• Use FTI and give the tran amount low and tran amount high or account-id low and account-id high.  This will give you the tran-id. Use TM-I-Inquire option to inquire the tran.

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Finacle Commands for Demand Draft

Following commands are used for Issuing/Re-issuing/Printing/Cancelling/ Inquiry/Payment Demand Draft in finacle Branches.

DEMAND DRAFT Commands/Menus:

Issuing Draft in Finacle:

For issuing Demand Draft We use TM menu and we have to enter additional detail like Purchaser Name , Demand Draft favouring, Drawee Branch (the Branch/Service Branch where the Draft has to be paid)

1. DDPRNT – Print a DD
2. DDREPRNT – Reprint a DD/Print advice
3. DDII – Specific DD Issued Inquiry
4. DDIC – DD Credits Inquiry
5. DDID – DD Debits Inquiry
6. HDDMI/DDMI – Demand Draft Mass Issue
7. DDD – Issue of Duplicate DD
8. DDLOST – Entry of Reported Lost
9. DDC – DD Cancellation
10. HDDMP/CDDMP – Demand Draft Mass Payment
11. DDIP – Specific DD Paid Inquiry
12. DDSM – DD Status Maintenance

Demand Draft/Pay-Slip Related FAQs

1.      I try to print a DD, it says “inventory not in user location”.

• Please use option IMC in consultation with your officer to get the inventory moved to your location within the system.

 2.      I cannot issue a particular cheque book or DD book that is physically available with me but I do not know within the system this inventory is at which location or in which user’s location?

• Use ISIA option and specify the inventory number available with you. The output will tell you the name of the location where the inventory is captured within the system.

3.      How to issue a duplicate DD?

• Use DDLOST option to mark the DD status as L-Lost and do DDD to Issue a duplicate DD and use DDREPRNT to print the same.

 4.      How to cancel a DD which is not printed, but transaction has been posted?

• Use DDC option and give the tran-date / tran-id / DD credit part-tran-srl-num.

 5.     How to pass entry to DD account without creating a DD for printing, i.e. rectification entries to DD account?

• Use DDT option

 6.      How to find the AOD number for a AOD printed on given date?

• Use HOCIP and give the follow inputs and get the report-Ho.Tran Type as – O – Originating,  Give bank / branch code and Tran date range.

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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.

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