AR

The accounting entry (NT to PT) AR direct Journal

DR: Temp Revenue Account NT0001 500 IUAF

CR: Liaison Account (sys gen) NT001 500 PT

DR: Liaison Account (sys gen) PT001 500- NT

CR: Temp Revenue Account PT0001 500- IUAF

Approved by NT then review by PT

Transfer revenue from NT to PT:

-

Option 1:
o Transaction created , reviewed and approved and posted at NT.
o PT review, check with hard copy. If it is not ok, they will email to
NT. Nothing to control whether PT received documents or not.
Option 2:
o Transaction created , reviewed and approved at NT.
o PT review, check with hard copy. If it is not ok, they will email to
NT. If it ok, PT will post transaction in AR, NT will post to GL.

CM
S1 From NBC money transferred to central bank accounts of Acleda
and Canadia

In NT books

DR: Temporary Account 15053 NT0001

CR : Bank Account - 11011- NT0001

S2- PT receive Bank statement making confirmation that money

received

In PT Books

DR: Bank Account 11050 PT0001

CR: Liaison Account 4301 PT0001

In NT Books after getting confirmation doc from PT

DR: Liaison Account 4301 NT0001

CR: Temporary Account 15053 NT0001

Solution:
One journal source is to be created INTRA to track all the
transactions across entities.
In PT on transfer of treasury commission They will enter one journal

DR: Treasury Comm. - 4701 PT0001-26 - IUAF

CR: Benefits to Treasury - 4702 NT0001

Once the journal is saved and undergoes journal edit process the
system will create the following entries

DR: Treasury Commission - 4701 PT0001-26

CR: Liaison/Intra Account - 4302 PT0001-26

DR: Liaison/Intra Account - 4302 NT0001

CR: Benefits to Treasury 4702 NT0001