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Title : Real Time Posting Vs Memo Time Posting
link : Real Time Posting Vs Memo Time Posting
Real Time Posting Vs Memo Time Posting
Real Time Posting Vs Memo Time Posting
1. Meaning
Real time posting posts bank transaction at real time. At any time, customer can see updated his record because banking accounting database is real time. Memo posting is just record the transaction but it is not complete whole transaction record will be updated at the end of the day or next working day.
2. Speed
In real time positing, data processing speed is very fast. In Memo Time posting, data processing speed is low.
3. Balance of Book
Balance of book of account will be accurate in real time in real time posting system. In memo time posting system, balance of book of account will be show after completing the transaction and complete the memo post.
4. Payment
As soon as you receive the payment online, your online bank status will show in real time in real time posting. But in memo posting, it is not possible, it will be shown after memo post.
Real time posting posts bank transaction at real time. At any time, customer can see updated his record because banking accounting database is real time. Memo posting is just record the transaction but it is not complete whole transaction record will be updated at the end of the day or next working day.
2. Speed
In real time positing, data processing speed is very fast. In Memo Time posting, data processing speed is low.
3. Balance of Book
Balance of book of account will be accurate in real time in real time posting system. In memo time posting system, balance of book of account will be show after completing the transaction and complete the memo post.
4. Payment
As soon as you receive the payment online, your online bank status will show in real time in real time posting. But in memo posting, it is not possible, it will be shown after memo post.
Thus Article Real Time Posting Vs Memo Time Posting
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