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    Account - Parameter: Posting Restrictions

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    lolitaferoz
    The ACCOUNT.PARAMETER record contains specifications for the ACCOUNT application, including the number of days for cash flow processing, the basis for accounting, account referencing options, payment netting options, and settlement defaulting. It also defines behaviors for updating ENT.TODAY files and using future booking dates in clearing. There is one ACCOUNT.PARAMETER record with an ID of SYSTEM. The POSTING.RESTRICT field in ACCOUNT.PARAMETER defines how the POSTING.RESTRICT field is set at the account level during account closure. It can be set to a single value of 90 or allow multiple/none values to be appended. New fields allow the ACCT.ACTIVITY setup to be updated using

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    Account - Parameter: Posting Restrictions

    Uploaded by

    lolitaferoz
    63 views2 pages
    The ACCOUNT.PARAMETER record contains specifications for the ACCOUNT application, including the number of days for cash flow processing, the basis for accounting, account referencing options, payment netting options, and settlement defaulting. It also defines behaviors for updating ENT.TODAY files and using future booking dates in clearing. There is one ACCOUNT.PARAMETER record with an ID of SYSTEM. The POSTING.RESTRICT field in ACCOUNT.PARAMETER defines how the POSTING.RESTRICT field is set at the account level during account closure. It can be set to a single value of 90 or allow multiple/none values to be appended. New fields allow the ACCT.ACTIVITY setup to be updated using

    Original Title

    Accounts part2

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    The ACCOUNT.PARAMETER record contains specifications for the ACCOUNT application, including the number of days for cash flow processing, the basis for accounting, account referencing options, payment netting options, and settlement defaulting. It also defines behaviors for updating ENT.TODAY files and using future booking dates in clearing. There is one ACCOUNT.PARAMETER record with an ID of SYSTEM. The POSTING.RESTRICT field in ACCOUNT.PARAMETER defines how the POSTING.RESTRICT field is set at the account level during account closure. It can be set to a single value of 90 or allow multiple/none values to be appended. New fields allow the ACCT.ACTIVITY setup to be updated using

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    63 views2 pages

    Account - Parameter: Posting Restrictions

    Uploaded by

    lolitaferoz
    The ACCOUNT.PARAMETER record contains specifications for the ACCOUNT application, including the number of days for cash flow processing, the basis for accounting, account referencing options, payment netting options, and settlement defaulting. It also defines behaviors for updating ENT.TODAY files and using future booking dates in clearing. There is one ACCOUNT.PARAMETER record with an ID of SYSTEM. The POSTING.RESTRICT field in ACCOUNT.PARAMETER defines how the POSTING.RESTRICT field is set at the account level during account closure. It can be set to a single value of 90 or allow multiple/none values to be appended. New fields allow the ACCT.ACTIVITY setup to be updated using

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    ACCOUNT.

    PARAMETER
    The ACCOUNT.PARAMETER record contains high-level specifications for the ACCOUNT application. For example:
    l Number of days forward for cash-flow processing.
    l Whether accounting is performed on a value date or booking date basis.
    l Whether accounts can be referenced by an alternative ID or not.
    l Whether the customer number must form part of the account number.
    l Whether payments can be netted.
    l How settlement defaulting is to take place.
    l Whether to update ENT.TODAY files or not based on the ENT.TODAY. UPDATE field value. The value of NULL will be
    defaulted,
    which will allow updates to ENT.TODAY files
    l Whether to use the future BOOKING.DATE option through OFS.CLEARING or not, is based on the RAISE.VD.ENTRIES field
    value.
    The value of NULL will be defaulted, which can be set as YES to allow the use of future BOOKING.DATE in OFS.CLEARING.
    Once set
    to YES, this becomes a ‘no change field.’
    There is only one record, with an ID of SYSTEM.

    Posting Restrictions
    The field POSTING.RESTRICT in the ACCOUNT.PARAMETER defines the behaviour of the POSTING.RESTRICT field set at
    underlying
    ACCOUNT level at the time of ACCOUNT.CLOSURE.
    This field will accept the following options:
    l Single - Upon input of the ACCOUNT.CLOSURE, any existing value/multivalue is removed and the field POSTING.RESTRICT
    of the
    Account is populated with the value of 90.
    l Multiple/None - The POSTING.RESTRICT value for ACCOUNT.CLOSURE is appended along with the existing values in the
    underlying account record.

    Refer to the following section of the user guide for an example - Client Account
    The existing functionality of ACCOUNT.PARAMETER table is modified and new fields are added to allow the set up for
    ACCT.ACTIVITY to be
    updated using the Exposure date of a credit movement. It is also possible to switch from one Accounting system to another
    accounting. Only
    the new transactions are applied at a System level or at a Category range. Else, the existing functionality would be continued.
    The statement
    entries, which are raised after the Exposure Date setup is turned on, will have the value, EXPOSURE.DATE in the field
    TDGL.DETAILS for calculation of interest, only for credit transactions. If the setup is turned off, then the field has the value
    VALUE.DATE
    l It is required to set the values in ACCOUNT.PARAMETER to allow the setup for ACCT.ACTIVITY to be updated using the
    Exposure
    date of a credit movement.
     Based on the above set up, the system first checks the Category from the Entry fits in the Category Range, and then
    checks if there is
    anything set-up in EXP.UPD.ACCT.ACTIV.CAT
     If not defined at the Category Range, then it checks at the system level under EXP.UPD.ACCT.ACTIV and restricts
    only to the mentioned category.
     If the above setup is not defined, the set-up is a ‘VALUE.DATE’ by default.

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