eBalancing
eBalancing helps you balance Core Share, Certificate and Loan Accounts with General Ledger in less than 5 minutes and for just $3.17 a day.
eBalancing electronically reads the reports you would normally use to perform the balancing function manually, and in minutes creates a summary of the information with an indicator showing if the accounts are in balance.
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​​The final Balancing Report and the input reports are saved for future reference during audit.
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By reading the reports electronically instead of entering the information manually, data entry errors are totally eliminated.
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eBalancing may be used by operational personnel with results available for management and accounting.
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Application may be run daily instead of weekly or monthly - highlighting any anomalies quickly where they may be more easily resolved.
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All of the information including the reports used in the balancing process are available in one location.
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If the accounts are not in balance, corrections can be made and the reports run again.
Shares & Certificates
Using an Account Chart which relates your General Ledger numbers to your Share Account types, eBalancing builds a detailed liat of each Share
type and sums the balances, then compares the cumulative balance to the related General Ledger total.
Loans
Using an Account Chart which relates your General Ledger numbers to your Loan Account types, eBalancing builds a detailed list of each Loan type and sums the balances, then compares the cumulative balance to the related General Ledger total.
Frequently Asked Questions
How much does eBalancing Share and Loan Balancing cost?
$95 / month and a on-time Setup & Training fee of $995.
What Core Applications does OnCore Balancing Support?
OnCore Balancing is designed to connect with any Core Processor.
What General Ledger Systems do you support?
OnCore Balancing is designed to connect with any General Ledger System.
Is our information secure?
The application is hosted on our Amazon Web Services (AWS) server. Processed data is stored locally in your environment.
Is this application designed specifically for Credit Unions?
Yes.
Is support included in the fee?
Yes, your monthly or annual subscription includes support.
What is involved in the installation?
During implementation we produce reports from five days worth of report data.