Accounting
Accounting template for debit and credit can be set at Originated ACH Credit Preferences is considered for posting the accounting entries.
The accounting method is decided by the 'Batch Booking' tag value. If the tag is not available in the pain.008 request received, Non-urgent preferences maintained is considered so that Itemized accounting or Debit consolidation can be done.
Accounting entries is posted as below:
| Transaction Type | Event | Dr/Cr | Account | Account Type | Amount Tag |
|---|---|---|---|---|---|
| Originated DD - Payment | ZODR | Dr | Network Clearing GL | GL | Batch Amt |
| Originated DD - Payment | ZODR | Cr | Clearing Suspense | GL | Batch Amt |
| Originated DD - Payment | ZODR | Dr | Clearing Suspense | GL | Batch Amt |
| Originated DD - Payment | ZODR | Cr | Customer Account | Account | Batch Amt |
| Transaction Type | Event | Dr/Cr | Account | Account Type | Amount Tag |
|---|---|---|---|---|---|
| Originated DD - Payment | ZODR | Dr | Network Clearing GL | GL | Transfer Amt |
| Originated DD - Payment | ZODR | Cr | Clearing Suspense | GL | Transfer Amt |
| Originated DD - Payment | ZODR | Dr | Clearing Suspense | GL | Transfer Amt |
| Originated DD - Payment | ZODR | Cr | Customer Account | Account | Transfer Amt |
Account Host is part of the accounting entries hand off details. Tags for Account
Hosts of transaction account and offset account is added:
- TXN_ACC_HOST
- OFFSET_ACC_HOST
Once the accounting entries are handed off, system generates the Notification XML (if notification is applicable for the source as maintained in PMDSORCE) and Information Reporting XML in the generic format.