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.001 request received, Non-urgent preferences maintained is considered so that Itemized accounting or Debit consolidation can be done.
Accounting entries is posted as below:
Bulk Accounting -A single debit / credit accounting is posted for the consolidated batch:
| Transaction Type | Event | Dr/Cr | Account | Account Type | Amount Tag |
|---|---|---|---|---|---|
| Originated CT - Payment | YODR | Dr | Customer Account | Account | Batch Amt |
| Originated CT - Payment | YODR | Cr | Clearing Suspens | GL | Batch Amt |
| Originated CT - Payment | YOCR | Dr | Clearing Suspense | GL | Batch Amt |
| Originated CT - Payment | YOCR | Cr | Network Clearing GL | GL | Batch Amt |
Itemized Accounting- for each individual transaction the below accounting is posted:
| Transaction Type | Event | Dr/Cr | Account | Account Type | Amount Tag |
|---|---|---|---|---|---|
| Originated CT - Payment | YODR | Dr | Customer Account | Account | Transfer Amt |
| Originated CT - Payment | YODR | Cr | Clearing Suspens | GL | Transfer Amt |
| Originated CT - Payment | YOCR | Dr | Clearing Suspense | GL | Transfer Amt |
| Originated CT - Payment | YOCR | Cr | Clearing Suspense | GL | Transfer Amt |
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.
Parent topic: Batch Level Processing