Accounting
- Accounting preference can be set at Outbound IMPS Payment preferences (PJDNWOPF) for the outbound transactions.
- If the preference maintained is ‘Before Messaging’ accounting entries are
handed off to Accounting system before Messaging and Payment is marked as ‘Processed’.
- On payment reject, the reversal entries are posted and handed-off to Accounting system and the Payment is marked as ‘Reversed’.
- If the preference maintained is ‘On Confirmation from NPCI’, the accounting hand-off is deferred till response is received from NPCI.
- Based on the response received, payment is marked as ‘Processed’ or ‘Reversed’.
- On payment success/reject, the accounting entries/reversal entries gets posted and handed-off to Accounting system.
Accounting Entries:
| Details in Accounting hand-off | Debit Liquidation | Credit Liquidation |
|---|---|---|
| Accounting Event | DRLQ | DRLQ |
| Amount Tag | XFER_AMT | XFER_AMT |
| Transaction Account | Debit Customer Account | IMPS Outward Clearing GL maintained in the Accounting code. If Nostro Account (Network Account) is maintained in (PJDNWOPF) that is considered. |
| Offset Account | This is picked from the Debit Liquidation Accounting code maintenance. | This is picked from the Credit Liquidation Accounting code maintenance. |
| Transaction Currency | INR | INR |
| Transaction Amount | Debit Amount | Transfer Amount |
| Value Date | Transaction Value Date | Transaction Value Date |
| Offset Currency | Transaction Currency | Transaction Currency |
| Offset Amount | Transaction Amount | Transaction Amount |
Parent topic: Outbound IMPS Payment Processing