- Interest and Charges User Guide
- Interest and Charges Maintenance
- IC Accounting Entry Maintenance
- Create IC Accounting Entry Maintenance
1.7.1 Create IC Accounting Entry Maintenance
This topic describes the systematic instructions to configure the IC accounting entry maintenance details.
- On Home screen, click Interest and Charges. Under Interest and Charges, click IC Accounting Entry Maintenance.
- Under IC Accounting Entry Maintenance, click Create IC Accounting Entry Maintenance. The Create IC Accounting Entry Maintenance screen displays.
Figure 1-16 Create IC Accounting Entry Maintenance
- Specify the fields on Create IC Accounting Entry Maintenance screen.
Note:
The fields marked as Required are mandatory.For more information on fields, refer to the field description table.
Table 1-16 Create IC Accounting Entry Maintenance - 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 Product Maintenance 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.- CHG_INCOME
- CHG_BOOK
- DIV_TAX_EXP
- CUST_DVTAX_COD
- INT_IC_AJE
- DIV_TAX_PAD
- <RULE>-ESCROW-
- <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. - Click + to add IC account entry details.
- Click - to remove IC account entry details.
- Click Save to save the details.The user can view the configured IC accounting entry maintenance using View IC Accounting Entry Maintenance screen.
Parent topic: IC Accounting Entry Maintenance