Preview Accounting
The accounting includes the complete double entry accounting lines for both From and To side of the transaction.
The accounting lines are obtained from:
- User entered distribution entered at the transaction level.
- Balancing, also referred as intercompany accounting line, defined at intercompany balancing rules.
These tables show how the accounting is generated for each of the transaction for both provider and receiver side.
Ledger | Account | Side | Settlement Amount | Accounted Amount | Rate Type | Rate |
---|---|---|---|---|---|---|
US Primary Ledger | 01-00-IC Receivable-00-00 | Dr | 10000 USD | 10000 USD | Corporate | 1 |
US Primary Ledger | 01-000-Loan Clearing-00-00 | Cr | 10000 USD | 10000 USD | Corporate | 1 |
Ledger | Account | Side | Settlement Amount | Accounted Amount | Rate Type | Rate |
---|---|---|---|---|---|---|
UK Primary Ledger | 02-00-Loan Clearing-00-00 | Dr | 10000 USD | 7900 GBP | Corporate | 0.79 |
UK Primary Ledger | 02-000- IC Payable-00-00 | Cr | 10000 USD | 7900 GBP | Corporate | 0.79 |