7.2.7 Return Accounting
Return Accounting refers to the process of handling the accounting entries when a payment return is received by the bank.
The following accounting is passed to reverse the accounting entries
passed to Creditor Account as a result of Inbound FI to FI Customer Credit Transfer (pacs.008)
and FI to FI Credit Transfer (pacs.009) transactions. The Credit or Debit liquidation entries
passed in the original transactions are fetched and credit or debit legs are interchanged to
pass the return Credit or Debit accounting entries.
Table 7-10 Accounting Entries
| Event | Dr/Cr | Account | Account Type | Account Tag |
|---|---|---|---|---|
| SSDR | Dr | Network Account | Account | Return Settlement Amount in account currency |
| SSDR | Cr | Intermediary GL | GL | Return Settlement Amount |
| SSCR | Dr | Intermediary GL | GL | Return Settlement Amount |
| SSCR | Cr | Customer Account | Account | Return Settlement Amount |
Note:
- No pricing is considered for return transaction processing.
- In the Accounting handoff MIS details are populated same as the original transaction MIS details.
Parent topic: Inbound Return Processing