Postings on the FI General Ledger
Following are some simple examples showing various sets of circumstances that arise during transfer to the FI general ledger. Only single payment items or FI postings for single accounts managed in the current account system are illustrated.
Note
The accounts managed in the current account system are called "BCA accounts" in these examples.
In FI, normally totals of postings for a general ledger group are posted. To clarify the posting logic, T-accounts are used for FI. A posting listed on a T-account corresponds to the generation or update of a posting total in the current account system.
Posting a bank transfer
Assume a transfer from a BCA checking account is made to an account at the land central bank (LCB). The offsetting posting to the LCB account is normally made in a total with all other payments. Assume the BCA checking account has the general ledger group "Corporate customer" and the LCB account belongs to the "Bank customer" general ledger group. Alternatively, the LCB account can form its own general ledger group that is posted directly to a general ledger account LCB (without clearing account and dividing payables/receivables). For balance sheet preparation it is assumed that before this posting the balance of the accounts is zero.
Current account system:
BCA Checking Account | BCA Bank Account LCB | ||
|---|---|---|---|
(1) | 1,000.—D | 1,000.—C | (2) |
FI general ledger:
150200 (Clear. Corporate Customers) | 198000 (Clear. Payment Transactions) | ||||||
|---|---|---|---|---|---|---|---|
(1) | 1,000.-- | 1,000.-- | (3) | (2) | 1,000.-- | 1,000.-- | (1) |
150300 (Clear. Bank Customers) | |||||||
|---|---|---|---|---|---|---|---|
(4) | 1,000.-- | 1,000.-- | (2) | ||||
140200 (Rec. Corporate Customer) | 140300 (Rec. Bank Customers) | ||||||
|---|---|---|---|---|---|---|---|
(3) | 1,000.-- | ||||||
160300 (Pay. Corporate Customer) | 160300 (Pay. Bank Customers) | ||||||
|---|---|---|---|---|---|---|---|
1,000.-- | (4) | ||||||
(1) Posting of the payment item to the BCA checking account
(2) Posting of the payment item to the BCA bank account LCB
(3) Balance sheet preparation: Transfer posting daily balances corporate customers
(4) Balance sheet preparation: Transfer posting daily balances bank customers
Balance status change
Now we consider the case that after the above described posting, on the next posting day there is a credit to the BCA checking account that leads to a balance status change (minus to plus).
Current account system:
BCA Checking Account | BCA Bank Account LCB | ||||||
|---|---|---|---|---|---|---|---|
(1) | 1,000.—D | 1,000.—C | (2) | ||||
(5) | 2,500.—D | 2,500.—D | (6) | ||||
FI general ledger:
150200 (Clear. Corporate Customers) | 198000 (Clear. Payment Transactions) | ||||||
|---|---|---|---|---|---|---|---|
(1) | 1,000.-- | 1,000.-- | (3) | (2) | 1,000.-- | 1,000.-- | (1) |
(8) | 2,500.-- | 2,500.-- | (5) | (5) | 2,500.-- | 2,500.-- | (6) |
150300 (Clear. Bank Customers) | |||||||
|---|---|---|---|---|---|---|---|
(4) | 1,000.-- | 1,000.-- | (2) | ||||
(6) | 2,500.-- | 2,500.-- | (10) | ||||
140200 (Rec. Corporate Customer) | 140300 (Rec. Bank Customers) | ||||||
|---|---|---|---|---|---|---|---|
(3) | 1,000.-- | 1,000.-- | (7) | (10) | 2,500.-- | 1,000.-- | (9) |
160200 (Pay. Corporate Customer) | 160300 (Pay. Bank Customers) | ||||||
|---|---|---|---|---|---|---|---|
(7) | 1,000.-- | 2,500.-- | (8) | (9) | 1,000.-- | 1,000.-- | (4) |
(1) Posting of the payment item to the BCA checking account (from bank transfer on previous day - see above)
(2) Posting of the payment item to the BCA bank account LCB (from bank transfer on previous day - see above)
(3) Balance sheet preparation: Transfer posting daily balances corporate customers (from bank transfer on previous day - see above)
(4) Balance sheet preparation: Transfer posting daily balances bank customers (from bank transfer on previous day - see above)
(5) Posting of the payment item to the BCA checking account
(6) Posting of the payment item to the BCA bank account LCB
(7) Balance sheet preparation: Transfer posting balances corporate customers
(8) Balance sheet preparation: Transfer posting daily balances corporate customers
(9) Balance sheet preparation: Transfer posting balances bank customers
(10) Balance sheet preparation: Transfer posting daily balances bank customers
Posting a charge
For a charge, contrary to payments in the current account system, there is a one-sided posting not offset by another amount. For balance sheet preparation the amount is handled together with other postings on the BCA account as in the previous example.
Current account system:
BCA Checking Account | |||||||
|---|---|---|---|---|---|---|---|
(1) | 20.—D | ||||||
FI general ledger:
150200 (Clear. Corporate Customers) | 850110 (Charges Income) | ||||||
|---|---|---|---|---|---|---|---|
(1) | 20.-- | 20.-- | (1) | ||||
(1) Posting of the payment item to the BCA checking account
Posting and post processing
An amount of 2,500.00 from payments is posted to a BCA checking account. In addition, there is an amount of 1,000.00 from payments in post processing, identified by ‘[ ]‘. To keep things simple, the offsetting postings to a bank account LCB (or another BCA account) are not listed.
Current account system:
BCA Checking Account | |||||||
|---|---|---|---|---|---|---|---|
(1) | 2,500.—C | ||||||
(2) | [1,000.—D] | ||||||
FI general ledger:
150200 (Clear. Corporate Customers) | 198000 (Clear. Payment Transactions) | ||||||
|---|---|---|---|---|---|---|---|
(3) | 2,500.-- | 2,500.-- | (1) | (1) | 2,500.-- | 1,000.-- | (2) |
150210 (Clear. Corporate - Post Proc.) | |||||||
|---|---|---|---|---|---|---|---|
(2) | 1,000.-- | 1,000.-- | (4) | ||||
140200 (Rec. Corporate Customer) | 140210 (Rec. Corporate - Post Proc.) | ||||||
|---|---|---|---|---|---|---|---|
(4) | 1,000.-- | ||||||
160300 (Pay. Corporate Customer) | 160210 (Pay. Corporate Post Proc.) | ||||||
|---|---|---|---|---|---|---|---|
2,500.-- | (3) | ||||||
(1) Posting of the payment item to the BCA checking account
(2) New payment item in post processing to the BCA checking account
(3) Balance sheet preparation: Transfer posting balances current accounts posted company customers
(4) Balance sheet preparation: Transfer posting balances current accounts post processing corporate customers