What are the ACE Remittance Calculation Methods?

What is the purpose of Remittance Calculation Methods in ACE?

Remittance Calculation Methods are system defaults for remitting transactions back to your clients. They help determine how transactions are calculated and processed.

What is the Standard Net (Net Total, Net payment, Net NSF) remittance calculation method?

The Standard Net remittance calculation method includes the total transaction amount, the net payment amount (after deductions like fees or NSF charges), and any NSF charges.

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What is the Preferred Net (Net Total, Net Payment, Credit – Net NSF) remittance calculation method?

The Preferred Net method is similar to Standard Net but provides a credit option for NSF charges instead of deducting them from the payment.

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What does the Gross – Net, Bill for Commissions (Gross Total, Net Payment, Net NSF) remittance calculation method entail?

This method includes the gross total transaction amount, the net payment amount (after deducting fees and NSF charges), and any NSF charges.

Image Displays Gross-Net, Bill for Commissions Remittance Method

 

How does Gross – Net, Bill for Commissions, Credit NSF(Gross Total, Net Payment, Credit -Net NSF) differ?

Similar to the previous method, it includes a credit option for NSF charges instead of deducting them.

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What is the Standard Net – Gross (Net Total, Gross Payment, Gross NSF) remittance calculation method?

This method reports the gross payment amount (total payment before deductions) and any gross NSF charges associated with the transaction.

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How does Preferred Net – Gross (Net Total, Gross Payment, Credit – Gross NSF) differ from Standard Net – Gross?

Preferred Net – Gross is similar but provides a credit option for gross NSF charges.

Image Displays Preferred Net-Gross Remittance Method

 

What does the Standard Gross Remit (Gross Total, Gross Payment, Gross NSF) remittance calculation method involve?

This method calculates payments and NSF charges based on the gross transaction amount.

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How does Preferred Gross Remit differ from Standard Gross Remit?

Preferred Gross Remit is similar to Standard Gross Remit but offers a credit option for gross NSF charges.

Image Displays Preferred Gross Remit Method