Defining Internal Account Information
This topic discusses how to define internal accounts, generate interest accrual schedules, and define ChartFields for internal accounts.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
BANK_ACCT_INT |
Maintain balances and transfer amounts among the business units within your enterprise, with one or more treasury units serving as an in-house bank. |
|
|
SCHEDULE_CREATE |
Generate interest accrual schedules. |
|
|
BANK_ACCT_INT2 |
Enter both the account servicer's (treasury's) and the account owner's (business unit's) ChartField and account number information. |
To define internal accounts, use the Internal Accounts component (BANK_INTERNAL_GBL).
Internal accounts are specific to PeopleSoft treasury management functionality. In Cash Management, they are used for internal funds transfers (transfers between internal bank accounts). In Deal Management, you use internal accounts with the On Behalf of Deals functionality.
When processing external bank transfers, the system also automatically generates internal account accounting entries for external business units indirectly related through internal business units. For a detailed explanation of this functionality, see the Processing Bank Account Transfers section in the PeopleSoft Cash Management documentation
For internal accounts, you must:
Define internal banks using the Bank Information page.
Designate one internal bank as the corporate treasury bank.
Select the Corporate Treasury check box (on the Bank Information page) for one of the counterparties as the account servicer. You must create a corporate treasury bank to set up internal accounts.
Define internal account information using the Internal Account pages.
You can establish internal accounts between two internal banks as long as one of the internal banks is specified as a Corporate Treasury.
Use the Internal Accounts - Account Information page (BANK_ACCT_INT) to maintain balances and transfer amounts among the business units within your enterprise, with one or more treasury units serving as an in-house bank.
Navigation:
This example illustrates the fields and controls on the Internal Accounts - Account Information page. You can find definitions for the fields and controls later on this page.
There are two perspectives for each internal account: the view from the account owner's side (the business unit's perspective) and the view from the account servicer's side (the treasury's perspective). You must define both banks as internal banks, and define at least one bank as a corporate treasury.
Account Information
Field or Control |
Description |
|---|---|
Account # (account number) |
Displays the bank account number assigned by the system. |
Default Account |
Select to set this account as your default internal account. |
Accrue Interest |
Select to accrue interest on this account. You can run interest accruals on the Interest Accruals page. You can view your interest accruals on the Internal Account Activity page. |
Interest Accrual Information
Field or Control |
Description |
|---|---|
Schedule ID |
If you specified that this account accrues interest, select a schedule ID to indicate how often interest accrues. |
Credit Rate Index and Debit Rate Index |
Enter both debit and credit rate index information, which is required to run interest accrual calculation and interest schedule generation processes. |
Use the Generate Schedules page (SCHEDULE_CREATE) to generate interest accrual schedules.
Navigation:
Click the Generate Schedule link on the Internal Accounts - Account Information page.
Field or Control |
Description |
|---|---|
Create Schedule |
Click to create the interest accrual schedule for the internal account, using the start date and end date that you enter. |
Use the Internal Accounts - Chartfields page (BANK_ACCT_INT2) to enter both the account servicer's (treasury's) and the account owner's (business unit's) ChartField and account number information.
Navigation:
This example illustrates the fields and controls on the Internal Accounts - Chartfields page. You can find definitions for the fields and controls later on this page.
Account Display Options
Field or Control |
Description |
|---|---|
Display Servicer's Version |
Select to view or modify ChartFields for the servicer. |
Display Owner's Version |
Select to view or modify ChartFields for the owner. |
Cash Account ChartFields
Select a cash account ChartField for both the servicer's version and the owner's version.
Important! To properly book internal account transfer activity between the servicer and owner, you must specify General Ledger cash account ChartFields for all internal accounts. Doing this ensures that the system creates the necessary accounting entries and events, and updates the appropriate system tables and internal ledger accounts. In addition, if you selected the Accrue Interest check box on the Internal Accounts - Account Information page, you must enter ChartFields to create transactional accounting entries for the servicer and owner.