Adjustment Accounting Workflow

The adjustment accounting task performs the following actions for each cash letter within the transmission:
  1. Accounting transactions are only created at the cash letter level for accepted adjustments.

    Adjustment accounting transactions may be either general ledger (Y) or non-general ledger (N). The appropriate entries are created with an accounting type of A, which signifies an inbound batch (ICL). (Inbound and outbound accounting types are designated by D and P, respectively.) The accounting type created is dependent on the customer type of the participant presenting the cash letter. Customer types are configurable and can be assigned to partners. For more information about accounting, customer and general ledger types, see Table 1 and Table 2.

  2. All adjustments are immediate:
    1. The accounting business day is determined by the current business day.
    2. The adjustment transaction amount is derived from the adjustment entry amount and the outbound batch cash letter total amount.
    3. The adjustment entry determines if a debit or credit entry is created.
  3. The inbound batch (ICL) settlement account number is stored. The participant profile allows for configuration of an account for batch (ICL) crediting, which may be different than the customer’s routing number.
  4. The transaction code for non-general ledger is stored. The transaction codes for non-general ledger transactions are configured by product.
  5. The transaction code for general ledger is stored. The transaction codes and associated journal entry numbers for general ledger transactions are configured by collection type and customer type.