Transferring an Account to Another Company and/or Client Number

It is possible to create a new account based on an existing account, through a smart code (system control menu – smart codes). 

You can use either the Client master and Smart code or just the Smart code only to transfer accounts

If you use the Smart code only:

• You will need to set the Smart code up with the "transfer too" company number and client code
• Everytime the Smart code is applied to an account,  the Smart code will transfer the account based on the rules set up in the Smart code
• Overrides can be used to manage several clients

If you use the Client master and Smart code:

• You will need to set the Smart code up with your default company number and client code
• You will need to set up the Client master with the "transfer too" company number and client code
• Everytime the Smart code is applied to an account, the Smart code will check the Client master and transfer the account based on the rules set up in the Client master
• Overrides can be used to manage several clients

NOTES for both options:

• If set up with the "transfer too" company number and client code , the Client master will ALWAYS take priority over the Smart code set up
• The smart code has options to close the existing account, transfer notes, secondary balances, etc
• The system will log a note on the new account that consists of the originating account's placement amount, placement date, company# and case#. EX of note on new account# 01-123456789: Ori 50.00 on 01/01/12 Prior# 03-091610168    
• Transfers DO NOT HAPPEN until the nightly takes place. Transfers do not happen immediately.    
• Smart code has an option to not transfer duplicate accounts. 
• There is a report on the Daily Operation Menu called  "Account transfer edit"

Keywords - Article Company Client Number Smart Code Transfer