3.2 System Account Generation
This topic provides information on the generation of system accounts based on predefined attributes.
The Operational Ledger assigns a system account to each posted entry according to set attributes. These attributes are defined for a specific combination of General Ledger (GL) and MIS Code under the System Account Parameters. After creation, a system account is connected to its related GL and MIS Code combination.
Example Scenarios:
Entry 1: Loan Disbursement
When a bilateral loan is disbursed, a debit entry is recorded in the Asset GL. The Transaction MIS and Composite MIS are assigned to the loan.
As this is the first occurrence of this GL-MIS combination, the system generates a new System Account (S1) and updates the balance in S1.
| System Account | Branch Code | General Ledger | Value Date | Dr/Cr | Currency | Amount | Related Customer | Related Reference | Customer MIS | Composite MIS | Transaction MIS |
|---|---|---|---|---|---|---|---|---|---|---|---|
| S000000001 | A01 | 140000011 | 01-Jan-24 | Dr | USD | 1000000.00 | CUSTOMER1 | 70203090190 | CUSTMIS1 | COMPMIS1 | TXNMIS1 |
Entry 2: Loan Repayment
During a bilateral loan repayment, a credit entry is recorded in the Asset GL. Both Transaction MIS and Composite MIS are mapped to the loan, but only the Transaction MIS value is updated.
The system verifies whether a System Account exists for the new GL-MIS combination. Since none exists, a new System Account (S2) is created, and the balance is recorded in S2.
| System Account | Branch Code | General Ledger | Value Date | Dr/Cr | Currency | Amount | Related Customer | Related Reference | Customer MIS | Composite MIS | Transaction MIS |
|---|---|---|---|---|---|---|---|---|---|---|---|
| S000000001 | A01 | 140000011 | 10-Jan-24 | Cr | USD | 250000.00 | CUSTOMER1 | 70203090190 | CUSTMIS1 | COMPMIS1 | TXNMIS2 |
Entry 3: Value-Dated Amendment
A value-dated amendment on the bilateral loan results in a debit entry to the Asset GL. The Transaction MIS and Composite MIS remain unchanged.
The system identifies that System Account S1 already exists for this GL-MIS combination with the same attributes. Therefore, the resulting balance is recorded in System Account S1.
| System Account | Branch Code | General Ledger | Value Date | Dr/Cr | Currency | Amount | Related Customer | Related Reference | Customer MIS | Composite MIS | Transaction MIS |
|---|---|---|---|---|---|---|---|---|---|---|---|
| S000000001 | A01 | 140000011 | 25-Jan-24 | Dr | USD | 400000.00 | CUSTOMER1 | 70203090190 | CUSTMIS1 | COMPMIS1 | TXNMIS1 |
This topic contains the following sub-topic:
- System Account Details
This topic explains the systematic instructions to view system account details.
Parent topic: Operational Ledger Processing