Product Accounting

BankWORKS®  sub general ledger charts of accounts can be configured at the product and customer level to provide the accounting entries required by client general ledger accounting system. An automated general ledger feed to a client accounting system can be provided using BankWORKS®standard general ledger format file based or API or can be customized based on the customers own format. Accounting entries can be configured to provide revenue and expenses related to fees, charges, broken down by card product, currency, customer segment, customer status.

  • Support of periodic transaction capture for payments and a mix of debit and credit transactions from the international card organisations
  • Manual transaction input
  • Posting of card transactions to the cardholders account
  • Matching of authorisation transactions and monetary transactions
  • Fully configurable account statements, including format, transaction details and customized messages
  • Flexible interest calculation based on most commonly used interest methods
  • Consolidated billing for corporate and household
  • Multiple billing cycles per BIN per product
  • Supplementary transactions billed to main account
  • Statement re-print facility
  • Statement production reports
  • Full support of chargeback and retrievals
  • Acceptance and billing of transactions in any currency
  • Daily general ledger entry reporting in various forms