It is the batch transaction used to automatically generate the rediscount records for the deposit income. It is in the General Ledger Management/Transactions menu. The rediscount records for the deposit income interests are generated by the system in the specified date range. The accounts to be used in the G/L slip, which will be generated at the start of the period and in the end of the period, are defined in the G/L connection codes of the deposit income type of the bank account.
You can select the G/L Slip Type and Date Range through Defaults tab. These two fields are mandatory.
The filters used for the report are as follows:
Filter | Value
|
Financial Investment Code | Group/Range |
Financial Investment Description | Group / Range |
Financial Investment Authorization Code | Group / Range |
Financial Investment Auxiliary Code | Group / Range |
Deposit Account Activation Date | Date Entry |
Organizational Unit | Group / Range |
The start-end date of the current year in the Deposit Account Activation Date filter is displayed as default.
The deposit income records in "Draft" and "Approved" status are not included in the related transaction. You cannot perform any transaction such as withdrawal, update, delete before the period when the rediscount is calculated on the deposit income transaction for which the rediscount is calculated.
The debt/credit amount of rediscount records is calculated by multiplying the account amount at the end of the month with the daily interest rate and time difference in day.
The rediscount records of the month in the "Expiry Date" of the deposit income are not generated. For example; a rediscount record cannot be generated on 31.03.2017 for the deposit income transaction dated 15.03.2017 (or 31.03.2017 - whether it is in the month or at the end of the month).
The status of the G/L slips to be generated is Draft, and they are generated by grouping by the organizational unit. The slips are accessed through "Rediscount G/L Slips" in Finance-Financial Investments-Related Records menu.
If there is a deposit income record in Transaction Currency (TC), the exchange rate information is imported from the exchange rate value on the date of the period end G/L slip. This exchange rate value is also used for "Period Start G/L Slip". A warning will be given if no exchange rate information is found.
The G/L slips that will be generated are as follows:
Period End Rediscount Record G/L Slip
Account Info | Debt | Credit | |
Deposit Income Rediscount Interest Expenses | Deposit Income Rediscount Amount | - | The G/L Code defined in Bank Account (Deposit) -> G/L Connection Codes -> Deposit Income Rediscount Interest Expenses connection is displayed as default. |
Notes Receivable Rediscount | - | Deposit Income Rediscount Amount | The G/L Code defined in Bank Account (Deposit) -> G/L Connection Codes -> Notes Receivable Rediscount connection is displayed as default. |
Period Start Rediscount Record G/L Slip
Account Info | Debt | Credit | |
Notes Receivable Rediscount | Deposit Income Rediscount Amount | - | The G/L Code defined in Bank Account (Deposit) -> G/L Connection Codes -> Notes Receivable Rediscount connection is displayed as default. |
Deposit Income Rediscount Interest Income | - | Deposit Income Rediscount Amount | The G/L Code defined in Bank Account (Deposit) -> G/L Connection Codes -> Deposit Income Rediscount Interest Income connection is displayed as default. |
The calculation type of the rediscount amounts that will be displayed in the G/L slip lines:
Deposit Income Interest Rediscount Amount = Deposit Transaction Amount * Daily Interest Rate * Calculated Day
Daily Interest Rate: Interest Rate % / 365
Calculated Day: "Last Day of Deposit Transaction Start Month" - "Deposit Transaction Start Date" (For the next rediscount records: [(Last day of the next month) - (First day of the next month) + 1])