The date range for a query can be based either on a particular transaction log (one week) or on a range of dates that spans one or more log files. Usually, the current transaction log and the logs from the prior four weeks are available for query.
The current week log refers to transactions occurring from midnight on the most recent Monday to 11.59pm the following Sunday. Example, a "current week" log would run from midnight on 10 Sep 2001 through 11.59pm on 16 Sep 2001.
Date information is displayed in the Date Selection area in the upper right-hand corner of the screen.
There are two ways to set the date range for a report: you can either choose a single existing log for the data source, or you can specify a range of dates and the system will pull data from all appropriate log files.
· Choose a log file from the Search Prior Week’s Log drop-down list.
· Enter a start date in the From field and a finish date in the To field. These dates can span multiple log file periods.
An ACH transaction is an entry within the NACHA file that indicates how the participant's account should be affected. The transaction includes a reference to the participant, how the account is affected, and the amount.
The ACH is a network of regional associations, inter-bank associations, and private-sector processors. ACH payments are processed and settled electronically, thereby increasing reliability, efficiency and cost effectiveness. ACH payments are generally settled in one day or greater.
The participant is the individual or organization that will be affected by the ACH transaction (payee or draftee). An ACH transaction may debit or credit a participant's account, e.g., a payroll deposit or a payment for services rendered. The participant information is referenced by the ACH transaction.