I am wondering what type of procedures other institutions have in place to answer the 8.2.D question of the ACH audit workbook. The specific question is "What procedures are in place regarding XCK, G/L and Loan entries?"
What exactly are they looking for? I know we can choose whether or not we want to accept/originate XCK entries, but can't find anything regarding what they would want pertaining to G/L entries.
If I remember right, at my previous bank, we could pay our ACH training, etc fees through a designated G/L account. But I don't recall if we just signed the agreement saying they could pull from that G/L, then we verified that the transaction was appropriate.
Do what you can, with what you have, where you are.