1. EU SEPA Credit Transfer User Guide
  2. Domestic Low Value Payments
  3. ACH Inbound Transaction Processes and Validations
  4. Receipt Accounting

Receipt Accounting

For Inbound payments file receipt accounting of the consolidated amount of pacs.008 and pacs.004 messages is supported. Receipt accounting code can be maintained in Network Currency preferences for Inbound transaction type.

Transaction account and offset account is maintained as part of accounting code itself. Event for accounting entries is ‘RCLG’.

The resulting accounting entries are as following:

  • Debit: CSM Nostro account
  • Credit: Clearing GL

Accounting value date is settlement date a received in the file. No External Credit approval is performed for receipt accounting.

There is a provision for handing off accounting entry details to external accounting system.

Parent topic: ACH Inbound Transaction Processes and Validations