8.4 FAQ

  1. What are the different types of transaction types, accounting types, and file formats supported?

    The following table details the different transaction types, accounting types, and file formats supported. A file template supports each of the combination.

    Sr No. Parameter Types
    1 Transaction Type Internal funds Transfer

    Domestic Funds Transfer

    International Funds Transfer

    Mixed Transfer

    Payee Files

    Create Virtual Accounts, Structure, Identifier

    Create Invoices
    2 Accounting Type Single Debit, Single Credit (SDSC)

    Single Debit, Multi Credit (SDMC)

    Multi Debit, Multi Credit (MDMC)

    3 Approval Type File Level

    Record Level

    4 Format Type CSV, XML, XLS, XLSX
  2. What is the business rationale of having different accounting types?

    Find below the accounting types catered through file templates, and business examples:

    Sr No. Accounting Type Business Example Approval Type
    1 Single Debit, Single Credit (SDSC) A corporate may want to make monthly payments to its various vendors from one central account. So though the debit account is the same across all records, the credit accounts are different and the debit accounting entry is not consolidated. Record Type or File Type
    2 Single Debit, Multi Credit (SDMC) A corporate may want to make monthly salary payments to all its employees. A single consolidated debit entry is passed, against multiple credits to different accounts. File Type
    3 Multi Debit, Multi Credit (MDMC) This file format caters to a lot of one to one transfers between two parties for various payments. Organizations that are brokers or intermediaries in trade contracts, may find this format more suitable for their business needs. Record Type
  3. What is the business rationale of having different approval types?

    A record type approval, gives more flexibility to the corporate user – in the sense, that even if some records are not validated, the file could still be processed (only those records that have passed validations) and file type approval, gives more control to the corporate user. Since all records in the file have to pass validations, before a file is processed.

  4. What is the role of an administrator in file upload?

    The administrator is from the corporate side, who creates file identifiers, for his party.

  5. What is a 'File Upload Template'?

    A template that is used to upload a file, distinguishes one file from another, depending on the transaction type of the payment, format of the file to be uploaded, approval type set-up for the file, and accounting type of a payment file is known as 'File Upload Template.

Parent topic: File Identifier Maintenance