Mobile Field Officer Applications
Payment and Process Orchestration
Core Banking & Embedded Finance
Application Framework
Accounting Fixed and Recurring Deposit Product Fields
Fixed and Recurring Deposit Product Fields—Additional Fields for Cash Accounting
Assets
Field name (attribute)
Description
Example
Validations (if applicable)
Saving reference
An Asset account (typically a Cash account), to which the amount is debited when a deposit is made by the account holder and is credited when the account holder makes a withdrawal.
Liabilities
Field name (attribute)
Description
Example
Validations (if applicable)
Saving control
A Liability account which denotes the Fixed Deposit account portfolio and is credited when a deposit is made and debited when a withdrawal is done.
Savings transfers in suspense
An Asset account that is used as a suspense account for tracking Portfolio of Fixed Deposit accounts under transfer. That is, the account is being transferred but not yet completed.
Expenses
Field name (attribute)
Description
Example
Validations (if applicable)
Interest on savings
An Expense account, which is debited when interest is due to be paid to the customer.
Income
Field name (attribute)
Description
Example
Validations (if applicable)
Income from fees
An Income account which is credited when a fee is paid by account holder on this account.
Income from penalties
An Income account that is credited when a penalty is paid by account holder on this account.
Advanced accounting rules (optional)
The advanced accounting rules allow for finer detail in mapping payment types to fund sources, fees to income accounts, and penalties to income accounts
Field name (attribute)
Description
Example
Validations (if applicable)
Configure Fund Sources for Payment Channels
Payment Type
Fund Source
A different Fund Source for each Payment Channel may be specified.
Select a Payment Type from the Payment Type list (e.g.,Cash, check, m-pesa, etc).
Select a Fund Source from the Fund Source list.
Map Fees to Income Accounts
Fees
Income Account
A different Income Account for each Fee type may be specified.
Select a Fee from the Fee list.
Select an Income Account from the Income Account list.
Map Penalties to Specific Income Accounts
Penalty
Income Account
A different Income Account for each Penalty type may be specified.
Select a Penalty from the Penalty list.
Select an Income Account from the Income Account list.
Last modified 2yr ago
Copy link