Accounting Templates

The accounting template depicts the correct accounting and debit and credit configuration for a given treasury transaction and business event. For example, the purchase of a U.S. Treasury bond may involve the construction of two debit lines, Bonds Receivable and Unamortized Bond Discount, as well as one credit line, Cash. The accounting template for this type of transaction would include three predefined records to depict this particular debit or credit configuration.

The accounting template contains the following characteristics:

• A unique template ID.

• Options that determine how the correct ChartField combination is selected.

• An attribute (calculation type) that describes how the accounting monetary amount is calculated or derived.

• An attribute that designates whether the accounting build requires review.