1.7.1 Create Accounting Entries

This topic describes the systematic instructions to configure the accounting entries details.

Specify User ID and Password, and login to Home screen.

1. On Home screen, click Interest and Charges. Under Interest and Charges, click Accounting Entries.
2. Under Accounting Entries, click Create.
   The Create screen displays.

   Figure 1-15 Create Accounting Entries

   
   

   

   
   
3. Specify the fields on Create screen.

   For more information on fields, refer to the field description table.

   Table 1-17 Create Accounting Entries - Field Description

   Field	Description
   Source Code	Specify the source code of the system.
   Product Code	Click Search icon to view and select the code of the product for which you are defining preferences. The Product maintained in the Interest Product screen is available in the LOV list.
   Event Code	Select the event code from the drop-down list. The following is an exhaustive list of events that can take place during Interest or Charge calculation. IACR - Interest Accrual ILIQ - Interest Liquidation
   Accounting Role	Click Search to view and select the accounting roles. Accounting Roles are tags that identify the type of accounting entry that is posted to an accounting head. The following list contains the accounting roles which are applicable to IC. <FORMULA NO>
   Accounting Head	Click Search icon to view and select the account number of customers.
   Debit Credit Indicator	Select the event code from the drop-down list. The available options are: Debit Credit
   Amount Tag	Click Search icon to view and select the amount tags. The following amount tags are hard coded. CHARGE - Charges IACQUIRED - Acquired Interest Amount IACR - Interest Accrual IACR_ADJ - Interest Accrual Adjustments ILIQ - Interest Liquidation TAX - Tax TAX_ADJ - Tax Adjustments INT_PADJ - Back valued interest adding to the normal interest INT_NADJ - Back valued interest reducing the normal interest TAX_PADJ - Back valued tax adding to the normal tax TAX_NADJ - Back valued tax reducing the normal tax
   Transaction Code	Click Search icon to view and select the transaction code. It is used identify the nature of the accounting entries posted. The code selected here is used to track the accounting entries resulting from the movement of the account to the status being maintained.
   Entry Pair Seq	Displays the sequence number of the debit and credit pair entry.
   Netting Indicator	Select the toggle to display the netting type.

4. Click + to add IC account entry details.
5. Click - to remove IC account entry details.
6. Click Save to save the details.
   The user can view the configured Accounting Entries using the Accounting Entries > View screen.