2.2.1.17 Transaction Accounting

Debit liquidation accounting entries have both payment entries and charge/tax entries. Accounting details are handed off to accounting system with debit/credit liquidation accounting code linked at Network Currency preferences. Following are the entries posted for the transactions booked:

Dr / Cr	Account	Value Date	TXN_CCY
Dr	Customer Account	Debit Value Date	Account Currency
Cr	Intermediary GL	Debit Value Date	Transfer ccy
Dr	Intermediary GL	Credit Value Date	Transfer ccy
Cr	Clearing GL	Credit Value Date	Transfer ccy

Accounting handoff is done after Network cutover check.

• Additionally, charge/tax related entries are handed off along with debit liquidation details as per existing process.

Messages are sent only after accounting is successfully completed. Until then, transactions remain in the Accounting Queue with Pending or Exception status. The transaction status changes to Processed upon successful accounting completion.

Note:

On payment reject, the reversal entries are posted. However, charges are not reversed as per existing process.