1. Bills and Collections User Guide
  2. Annexure B - Accounting Entries and Advices
  3. Accounting Entries for CoAcceptance Availization

10.38 Accounting Entries for CoAcceptance Availization

Set up event-wise accounting entries for the product as suggested below.

Accounting entry of BCAC event with acceptance interest component with the collection method as Advance:

Event: BCAC

Table 10-354 BCAC - Accounting Entries

Accounting Role Amount Tag Dr/Cr Indicator
ACCEPTANCE CONT BILL_AMOUNT Dr
CLFA CONT BILL _AMOUNT Cr
BC CUSTOMER <Component>_LIQD Dr
<Component>RIA <Component>_LIQD Cr
Corresponding accrual entries on ACCR event are:

Table 10-355 Event: ACCR

Accounting Role Amount Tag Dr/Cr Indicator
<Component>RIA <Component>_ACCR Dr
<Component>INC <Component>_ACCR Cr
Accounting entry of BCAC event with acceptance interest component and CoAcceptance interest component with collection method as Advance,

Table 10-356 Event: BCAC

Accounting Role Amount Tag Dr/Cr Indicator
ACCEPTANCE CONT BILL_AMOUNT DR
CLFA CONT BILL_AMOUNT CR
BC CUSTOMER <Component>_LIQD DR
<Component>RIA <Component>_LIQD CR
BC CUSTOMER <AcceptanceComponent>LIQD DR
<AcceptanceComponent>RIA <AcceptanceComponent>_LIQD DR
Corresponding accrual entries on ACCR event would be

Table 10-357 Event: ACCR

Accounting Role Amount Tag Dr./Cr. Indicator
<Component>RIA <Component>_ACCR Dr
<Component>INC <Component>_ACCR Cr
<AcceptanceComponent>RIA <AcceptanceComponent>_ACCR Dr
<AcceptanceComponent>INC <AcceptanceComponent>_ACCR Cr
Following are the Accounting entry for CoAcceptance commission with the collection method as Arrears,

Table 10-358 Event: LCAC

Accounting Role Amount Tag Dr/Cr Indicator
BC CUSTOMER <Component>LIQD DR
<Component>REC <Component>LIQD CR
Following are the Accounting entry for both the commission to be collected in Arrears:

Table 10-359 Event: ACCR

Accounting Role Amount Tag Dr./Cr. Indicator
<Co AcceptanceComponent>REC <CoAcceptanceComponent>_ACCR DR
<Co AcceptanceComponent>INC <CoAcceptanceComponent>_ACCR CR
<AcceptanceComponent>REC <AcceptanceComponent>_ACCR DR
<AcceptanceComponent>INC <AcceptanceComponent>_ACCR CR
Following are the Accounting entry for both the commission to be collected in Arrears

Table 10-360 Event: LCAC

Accounting Role Amount Tag Dr./Cr.Indicator
BC CUSTOMER <CoAcceptanceComponent>_LIQD DR
<CoAcceptanceComponent>R EC <CoAcceptanceComponent>_LIQD CR
BC CUSTOMER <AcceptanceComponent>_LIQD DR
<AcceptanceComponent>REC <AcceptanceComponent>_LIQD CR

Parent topic: Annexure B - Accounting Entries and Advices