Funds Hold Entry

Place or release hard and soft holds on the selected open account funds.

1. Go to: Avatar CFMS > Account Management > Funds Hold Entry
2. In the Client ID field, enter the client name or ID number. Select a client from the list.
3. In the Account Number field, select the account number. This list only reflects the open accounts created for the client in the Account Registration form.
4. The Balance field is display only. This field displays the total balance of the account. Any soft or hard holds are not reflected in this balance.
5. The Current Amount Hard Hold field is display only. This field displays the total amount of funds that are reserved in hard hold.
6. The Current Amount On Hard Hold For Un-posted Scheduled Check Batches field is display only. This field displays the total amount of funds that are reserved in hard hold specifically for scheduled check batches. See the Transaction Scheduling section for all of the forms associated with scheduling and posting check batches.
7. The Current Amount Soft Hold field is display only. This field displays the total amount of funds that are reserved in soft hold.
8. The Current Available Balance field is display only. This field displays the total amount of funds available for withdrawal. It is calculated as total funds minus funds in hard hold.
9. In the Date Of Transaction field, enter the transaction date.
10. In the Transaction Code field, select a transaction code. Transaction codes are created in the Add or Edit Transaction Codes form. Only codes with Yes selected in the Is this a Hold Code field will appear.

• A Hard Hold code prevents the withdrawal of funds below the hold value. Funds must be released using the Hard Hold Release transaction code, in order to withdraw the funds.
• A Soft Hold code allows withdrawal with a warning. Since the money can be withdrawn, funds on soft hold do not affect the account available balance.
• Hold codes are defined as credit transaction codes because they "credit" the hold account that is created when a hold is placed on the funds. Conversely, the hold release codes are defined as debit codes since they remove the funds from the hold account.

10. In the Enter Dollar Amount field, enter the amount of the transaction.
11. In the Description Of Transaction field, enter a description to accompany the transaction.
12. Click Submit.