Defining Netting Accounts
This topic discusses how to define netting accounts and valid currencies for netting accounts.
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Page Name |
Definition Name |
Usage |
|---|---|---|
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BNK_PNL2 |
Set up netting accounts for a bank. |
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BANK_ACCT_CURR_SEC |
Define all the valid currencies for a netting bank account, both default currency and secondary currencies. For nets involving multicurrency processing, you must define these values for the automatic multicurrency netting adjustment process. |
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Netting Accounts - Payment Methods |
PYMNT_BANK |
Set up payment methods for a netting account. See the External Accounts - Payment Methods Page for more information. |
To define netting bank accounts, use the Netting Accounts component (BANK_PNLNET_GBL).
Use the TR_NETTING_ACCOUNTS_CI component interface to load data into the Netting Accounts tables.
Use the Netting Accounts page (BNK_PNL2) to set up netting accounts for a bank.
Navigation:
If you selected Netting as the bank type, you use the Netting Accounts component to set up the bank account. This component is similar to the External Accounts component, except that it includes only three pages: Netting Accounts, Valid Currencies, and Payment Methods.
Use the Netting Accounts - Valid Currencies page (BANK_ACCT_CURR_SEC) to define all the valid currencies for a netting bank account, both default currency and secondary currencies.
For nets involving multicurrency processing, you must define these values for the automatic multicurrency netting adjustment process.
Navigation:
Click the Currencies icon in the Valid Account Currencies region on the Netting Accounts page.
This example illustrates the fields and controls on the Netting Accounts - Valid Currencies page. You can find definitions for the fields and controls later on this page.
Define the default currency for the netting bank account.
If you use this netting bank account in multicurrency nets, also define all necessary "convert into" currencies. This ensures that the automatic multicurrency netting adjustment process correctly calculates the associated accounting entries. In the example, note the bank account is a Japanese bank defined with Japanese yen (JPY) as the default valid currency and U.S. dollars (USD) as a second valid currency.