1.6.2 Accounting Entries

This topic describes the systematic instructions to maintain accounting entries for brokerage liquidation.

The brokerage payable account (the broker’s account into which the actual brokerage for a particular deal is to be paid) is defined in the brokerage liquidation screen in the Settlements module. Although a broker may have to be paid brokerage on several deals, the manual liquidation function of the system consolidates these into a single settlement amount to be passed to the settlement account.

Specify the User ID and Password, and login to Homepage.

1. Click Accounting Entries in the Events screen.
   The Accounting Entries screen displays.

   Figure 1-8 Accounting Entries

   
   Description of "Figure 1-8 Accounting Entries"

   Note:

   All fields with (*) symbol are mandatory.
2. In the Accounting Entries screen, specify the fields.

   Table 1-10 Accounting Entries- Field Description

   Field	Description
   Reference Number	Displays the liquidation reference number.
   Event Number	Displays the event number.
   Event	Displays the event.

   The below fields displays the Accounting Entries details in the screen:

   • Event
   • Branch
   • Account
   • Account Description
   • Value date
   • Account Currency
   • Debit or Credit
   • Transaction Code
   • Foreign Currency Amount
   • Local Currency Amount