Alpha Trial Balance

We always emphasize to our customers how important it is to balance the Suntell Loan Management System (LMS) to the Core Accounting System on a regular basis.  This ensures that the balances in Suntell are accurate and being updated with the nightly download.  Our recommendation is that balancing be done daily, or at a minimum weekly.  If balancing is done regularly, it will likely take only a few minutes per day.

To assist with balancing, Suntell provides the following reports:  Alpha Trial Balance, Participations Bought, Participations Sold, Non Accruals, and Charge Off Accounts.  The main report to use is the Alpha Trial Balance, which is a listing of all loans, alphabetically listed by Customer.  It includes the current balance outstanding for each loan, less any participations sold, plus any current balances on partial charge offs.

The tricky part of balancing is often finding the corresponding report in the core system to compare the totals.  Sometimes, a single report from the core will reflect a balance to compare to Suntell.  Sometimes multiple reports must be obtained to arrive at the same result.

For our Fall 2012 release, we have made some improvements to the Alpha Trial Balance.  It has been redesigned so that it contains only the information necessary for balancing, thus making the report much shorter.

Alpha Trial Balance

 

We have also included an Alpha Trial Balance – By Branch, which includes the outstanding balance by each branch location.  This can be useful in determining where discrepancies might lie.

Balancing was the topic of our Lunch & Learn session from last week.  To watch the session, please go to our Lunch & Learn page.  Questions about balancing should be directed to support@35.206.79.18.

Share this post

Recent posts

Meeting the Tech: Expectations of a New Generation

Meeting the Tech: Expectations of a New Generation

The influx of younger professionals into the workforce introduces a pivotal shift in expectations, notably regarding technology.

Navigating Uncertainty: The Critical Role of Risk Management in Commercial and Ag Lending

Navigating Uncertainty: The Critical Role of Risk Management in Commercial and Ag Lending

In the wake of recent bank closures, the financial industry faces a stark reminder of the inherent risks within commercial and agricultural lending. These events serve as a crucial wake-up call for commercial lenders, bank executives, and credit union executives, stressing the importance of robust risk management practices. The financial

Community Banking Trends and Challenges

Community Banking Trends and Challenges

Community banking has evolved dramatically over the years, undergoing dynamic shifts that have challenged traditional methodologies.

Request a Quote