11.2.4 Reverse Accounting
The Charge Accounting entry passed on the original transaction is
reversed as part of reversal accounting. The system first sends a Charge Reversal Accounting
entry for posting. Please refer below Charge accounting entries for details:
| Event | Dr/Cr | Account | Account Type | Amount |
|---|---|---|---|---|
| SICR | Dr | Income GL | GL | Pricing Amount - Equivalent |
| SICR | Cr | Credit Account | Account | Pricing Amount - Equivalent |
The following accounting is passed to reverse the accounting entries passed to
Creditor Account. The credit / debit liquidation entries passed in the original transactions
are fetched, and credit/debit legs are interchanged to pass the reverse credit / debit
accounting entries. Entries are posted against the Return Reference Number as per existing
functionality.
| Event | Dr/Cr | Account | Account Type | Amount |
|---|---|---|---|---|
| SIDR | Dr | Credit Account | Account | Original Transaction Amount |
| SIDR | Cr | Intermediary GL | GL | Original Transaction Amount |
| SIDR | Dr | Intermediary GL | GL | Original Transaction Amount |
| SIDR | Cr | Nostro, Vostro Account / Network Account | Account | -- |
User can view reversal accounting entries on the Accounting Entries sub-screen of the PSDICBVW, PSDIT2CV, PSDICNVW, and PSDIT2BV. Only return transaction entries that are posted against the Return Reference Number are shown in the Accounting Entries sub-screen.
Parent topic: Inbound Reversal Processing