OnCore Balancing is designed to help you balance Core Applications with General Ledger.
OnCore Balancing 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.
- The final Balancing Report, and the input reports, are saved in History for future reference or during audit.
- By reading the reports electronically instead of entering the information manually, data entry errors are totally eliminated.
- OnCore Balancing may be used by operational personnel with results available for management and accounting.
- Application may be run daily instead of weekly or monthly - highlighting any anomalies quickly where they may be more easily resolved.
- All of the information including the reports used in the balancing process are available in one location.
- 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 accounts to your Share and Loan account types, OnCore Balancing builds a detailed list of each 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 accounts to your Share and Loan account types, OnCore Balancing builds a detailed list of each type and sums the balances, then compares the cumulative balance to the related General Ledger total.
FAQ:
What Core Applications does OnCore Balancing Support?
Currently, we support DataSafe and XP2 from Fiserv.
What General Ledger Systems do you support?
Currently, we support Wisdom and Prologue from Fiserv.
Is our information secure?
The application is hosted on United Solutions server. Processed data is then stored in your environment.
Is support included in the fee?
Yes, there are no additional fees for support.
What is involved in the installation?
During the implementation we process 3 to 5 days of reports from your Core and GL applications. We review the results with you and train your team on the operation.