Create Trust Receipt Loan Account

This page allows you to associate the account code (Trust Receipt Loan Liability and Interest account) to the bank code. You can specify the finance book in which you want to create the Trust Receipt Loan definition. The system retrieves all the bank code along with the currency based on the finance book selected for which Account Rule definition exists. You can enter the account code for the Trust Receipt Loan Liability and Interest. You can also specify the date from which the account definition details are effective. The system stores the login ID of the user and the system date along with the account details.

Select the “Create Trust Receipt Loan Account” link under the Create Bank Cash Account Definition activity of the “Account Rule Definition” business component.

The “Create Trust Receipt Loan Account” page appears.

The system displays the following:

Enter the following fields:

Finance Book	Use the drop-down list box to select the code identifying the finance book. All the finance books mapped to the Company are available for selection in the ascending order. The system displays the first finance book in the list by default on launch of the page.
Bank/Cash/PTT Code	Use the drop-down list box to select the code identifying the bank/cash/PTT code. All the “Active” bank codes defined in the “Bank Cash Definition” business component for which the account code has been defined in the “Create Bank / Cash Account Definition” activity of this business component are available for selection. The system displays “All” by default on launch of the page.

The system displays the following:

Bank Code	The code identifying the bank.
Desc.	The textual description pertaining to the bank code.
Currency	The transaction currency of the selected finance book. The currency is the currency assigned to the bank code.

Enter the following fields:

Trust Receipt Loan Liability Account	The code identifying the Trust Receipt Loan Liability account to be associated to the bank code (Alphanumeric, 32). Mandatory. The account code must have been defined in the “Create Operative Chart of Accounts” of the “Accounting Setup” business component.
	Help facility available.

Note: The Trust Receipt Loan Liability account code must be assigned to the bank code in the finance book only once i.e. bank cash account defined for a bank cash code must not be redefined for any other code.

Trust Receipt Loan Liability account defined for a Bank code cannot be defined for any other Bank code either in the Finance Book selected or any other Finance Book within the login company. The transaction currency of the account must be the same as the currency of the bank code. The account code defined should be of the Account Group “Liabilities”.

Trust Receipt Loan Interest Account	The code identifying the Interest account to be associated to the bank code (Alphanumeric, 32). The account code must have been defined in the “Create Operative Chart of Accounts” of the “Accounting Setup” business component.
	Help facility available.

Note : The transaction currency of the Trust Receipt Interest account must be the same as the currency of the bank cash code or in base currency of the company. The bank charges account code must belong to the account group “Expense”.

Effective From Date

The date from which the Trust Receipt Loan Liability account definition is effective (Date Format). Mandatory. The effective from date must be the start date of the financial year or the period. The effective from date must be greater than or equal to the start date of the account code and less than or equal to the effective to date of the account code.

Check the box in the “Select” column of the multiline to mark the account definition details for creating the Trust Receipt Loan Liability account definition.
Click the “Create” pushbutton to create the Trust Receipt Loan Liability account definition.

The system stores the login ID of the user to the Created By and the system date to the Created Date fields.