Debit/Credit Accounting
Accounting entries for credit and debit accounting are handed off to accounting system with debit/credit liquidation accounting code linked at Network Currency preferences.
As a part of debit/Credit liquidation, the following details are sent to accounting system:
| Values handed off for Accounting | Debit Liquidation | Credit Liquidation |
|---|---|---|
| Event | DRLO | CRLQ |
| Amount Tag | XFER_AMT | XFER_AMT |
| *Transaction Account | Debit Account | Credit Account |
| Offset Account | This is maintained as part of accounting code | This is maintained in accounting system as part of accounting code |
| Transaction Currency | Debit Account Currency | Credit Account Currency |
| Transaction Amount | Debit Amount | Credit Amount |
| Value Date | Transaction Value Date | Transaction Value Date |
| Offset Currency | Credit Currency | Credit Currency |
| Offset Amount | Credit Amount | Credit Amount |
| Local Currency Amount | If either debit currency or credit currency is local currency, corresponding amount is handed off as local currency amount
If not, debit amount is converted to local currency in mid |
Local currency amount of DRLQ will be used |
Charge/tax related entries are handed off along with debit liquidation details. Transaction code, Debit/Credit indicator and Netting flag is applicable based on accounting code maintained.
If debit and credit liquidation are on same day, then the credit entries are sent with debit entries in a single hand off.
Parent topic: Book Transfer Processing