What are the ACE Remittance Calculation Methods?

  • Published on Sep 27, 2023
  • 1 minute(s) read
  • Gina Magana
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Remittance Calculation Methods are system defaults for remitting transactions back to your clients. They help determine how transactions are calculated and processed.


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.


Image Displays Standard Net Remittance 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.


Image Displays Preferred Net Remittance Method

 


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

 


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


Image Displays Gross-Net Bill for Commissions, Credit NSF Remittance Calculations

 


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


Image Displays Standard Net-Gross Remittance Method

 


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


Image Displays Preferred Net-Gross Remittance Method

 


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


Image Displays Standard Gross Remit Method

 


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


Image Displays Preferred Gross Remit Method