11.2.23.1 Accounting Definition for Charges / Commission as Part of Bills
The following accounting roles are maintained in the INIT, LIQD and AMND events of Bills.
Table 11-176 Accounting Roles
| Accounting role | Description |
|---|---|
| LC_CHG_COMP_RECV | LC Charges Receivable |
| LC_COMM_COMPRECV | LC Commission Receivable |
| BC_LC_CHG__COMP_RECV | Bills Charges Receivable |
| BC_LC_COMM_COMPRECV | Bills Commission Receivable |
The LC_CHG_COMP_RECV and LC_COMM_COMPRECV roles defined as a part of the Bills product are mapped onto the GL’s same as the ones mapped in the LC product. This is operationally controlled and the system does not ensure the same.
The BC_LC_CHG_COMP_RECV and BC_LC_COMM_COMPRECV roles defined as a part of the Bills product are mapped to the BILLS receivable GL .This is used to transfer the amount from LC receivable GL to BILLS receivable GL.
Table 11-177 Amount Tags
| Amount Tag | Description |
|---|---|
| LC_CHG_TFR | LC Charges Receivable |
| LC_COMM_TFR | LC Commission being transferred |
| LC_CHG_TFR_LIQD | LC transferred Charge being liquidated |
| LC_COMM_TFR_LIQD | LC transferred Commission being liquidated |
Table 11-178 Accounting Entries
| Dr/ Cr | Accounting role | Amount tag propagated from LC |
|---|---|---|
| Dr | BC_LC_COMM_COMPRECV | LC_COMM_TFR |
| Cr | LC_COMM_COMPRECV | LC_COMM_TFR |
| Dr | BC_LC_CHG_COMP_RECV | LC_CHG_TFR |
| Cr | LC_CHG_COMP_RECV | LC_CHG_TFR |
These accounting entries may not be maintained as part of either of the events where the system does not pass any accounting with regards to transfer of charge onto Bills.