Navigation:  Year-end Processing > Loans Year-end Processing

This guide describes how to ensure that your year-end statements and other documents are processed correctly by GOLDPoint Systems. Each year, GOLDPoint Systems will report all loans, Accounts Payable, and deposit accounts with qualifying IRS information to the IRS. Additionally, we can send out year-end statements and mailers to you or your customers.

 

To accomplish this, GOLDPoint Systems requires that you fill out a Client Year-end Reporting Setup Form each year. This form provides GOLDPoint Systems with the information needed to set up year-end processing. This PDF-fillable form is sent to your institution's liaison in October to fill out and send in.

 

Accompanying this form is a year-end booklet, which is described in detail in this document. Throughout this guide examples of formats, types of statements, and options are explained.

 

We will begin setting up a test for each institution’s statements the first weeks in November, so please return the completed Client Year-end Reporting Setup Form by October 30.

 

 

 

To ensure your year-end statements and other documents are printed correctly, GOLDPoint Systems requires that you fill out a Client Year-end Reporting Setup Form. This form gives GOLDPoint Systems the necessary information to properly set up the year-end processing. GOLDPoint Systems encourages you to complete this form and return it as soon as possible. Please submit a work order for any special requests. We will begin setting up a test for each institution’s statements the first weeks of November, so please return the completed Client Year-end Reporting Setup Form by October 30.

 

Your GOLDPoint Systems account manager will coordinate a test of year-end processing for your institution in November. The reports, forms, and statements created from this test will be sent to you for verification of their accuracy. Not all statements or reports will be generated as part of the test. Refer to the detail section of the specific statement or report for more information. If any part of the test run appears to be incorrect, or you have selected the wrong setup options, contact your GOLDPoint Systems account manager and tell him or her about the errors. Failure to contact GOLDPoint Systems will result in your final run at year-end being incorrect, and you will be charged for any necessary reruns.

 

Your cooperation in completing the Client Year-end Reporting Setup Form, verifying the tests, and expressing year-end concerns with your GOLDPoint Systems account manager early is necessary for a successful year-end. Also, if other departments service any loan products, please coordinate year-end processing requests with them (e.g., if your institution reports interest on reserves (1099-INT), you'll need to coordinate with your deposit department 1099-INT).

 

In the following topics, you will find examples of year-end statements, forms, and reports. If more information on the year-end statements and reports is required than what appears in the samples, please contact your GOLDPoint System account manager early to discuss the options available to you.

 

 

 

 

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