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Bank account analysis is a fee for services billing process used by banks for commercial customers. Just like in most billing systems, a fee is charged to a business banking customer for all of the services provided by the bank. Each of the bank services provided typically carry a per/unit price, a volume, and a charge for the line item service. The total of all the line item service charges make up the "Total Charges Before Credit" amount. In bank account analysis, the bank typically allows a credit to be applied against the total service charges due. The credit is normally based upon the monthly average positive collected balance and an earnings allowance rate "allowed" by the bank.
The credit offset is used to reduce (or wash out) the amount of fees owed by the customer. Very high average balances for a commercial customer will often wash away account fees completely. If it were not for this earnings allowance the entire account analysis process would be very simple because every account would simply pay for every service provided. In Europe, bank accounts typically do not have an earnings allowance at all and as such, the term "bank services billing" is used to describe the account billing process.
There is typically a statement for the account analysis results to illustrate each months balances, credits, and remaining fees due. There is also a standard electronic format for account analysis statements known as the 822. The 822 is an EDI (Electronic Data Interchange) standard / transaction set number under ASC X12 (The American National Standards Institute which develops and maintains EDI standards).
There are a number of business intelligence tools or bank fee account analysis systems designed to read and process 822 files (e.g. Chesapeake Systems / Weiland-BRMEdge). 822 files can often be imported into industry standard ERP Systems as well (e.g. PeopleSoft). These business intelligence systems are very sophisticated and highly complex but there are also more simplistic tools designed to simply open and parse 822 files for use within applications like MS Excel (e.g. Parse-O-Matic / excelamate).
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Is bank account perosnal account?
yes bank account is personal account
Is saving account a bank account?
If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.
When do we debit bank account?
We debit our bank account every time with withdraw (take out) money from our bank account.
Who or what is a bank account holder?
A person on whose name the bank account is opened is called the bank account holder. He is the one responsible for maintaining the account.
What is a bank accountant?
bank account  -noun 1. an account with a bank. 2. balance standing to the credit of a depositor at a bank.
What are the examples of contra voucher?
# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account
Which one is correct sentence.you have a bank account in this bank or you have a bank account under this bank?
"you have a bank account in this bank" is the right phrase.
Is bank account perosnal account?
yes bank account is personal account
Can I open a click bank account with no bank account or can I use my PayPal as a bank account?
PayPal is not a bank you need to have a bank account to open a PayPal account. The reasoning for this is because PayPal pulls the money from your bank to make purchases.
Why is your bank account under investigation by your bank?
why is your bank account under investigation by your bank?
Is bank account a real account in accounting?
No bank account is a Personal account in Accounting
How does one hold a bank account?
To "Hold" a bank account is the same as having or owning a bank account. If one has a savings account, they hold that account.
Is saving account a bank account?
If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.
What is the entry for bank loan account?
Debit Bank Account - Assets Credit Bank Loan Account - Liability
When do we debit bank account?
We debit our bank account every time with withdraw (take out) money from our bank account.
What is difference between Number of bank accounts and bank account number?
Number of bank accounts is how many bank accounts and bank account number is the number that identifies the bank account.
Close a bank account that is frozen?
If a bank account is frozen, it can be closed by visiting the bank. A person can also close their bank account by calling the bank and speaking with a representative.
