| NESFA Treasury Procedures – Table of Contents | Last updated before 7/2005 |
Each E-commerce transaction is treated as a separate batch in the sense of check deposits and charge deposits. The name of the batch is ecomnnn, where nnn is the number at the top of the printed form. As of March 2003, the number is in the low 800s, and a typical ecommerce batch id might be "econ832".
For MCFI e-commerce transactions, fill out a standard deposit dialog with the name of the batch, the name of the depositor and the line's comment all as ecomnnn. The money is being deposited into the AS-Checking MWB account and the deposit type is ecom. On the specific line, enter the account as AS-MCFI and the amount net of fees.
Reconciling these deposits is tricky since the bank lumps deposits that arrive on the same day (by their definition -- it's not a calendar day) together and the Treasurer must carefully figure out which transaction is in which day. We have not yet discovered how to tell unambiguously.