Internal account

Introduction to internal accounts

Internal accounts are the bank's technical accounts in the account module, used to reflect incoming or outgoing funds movements. The funds held in internal accounts are not categorised as customer deposits.

In the account module, internal accounts can operate in two modes:

1. Adjustable account balance mode.

2. Immutable account balance mode.

Adjustable balance mode

Regular automated adjustment

By default, the internal accounts balances are set to zero daily, a few minutes before the Tuum day-change process begins.

In financial accounting, the reset transaction moves the funds from the deposit and overdraft portfolio GL accounts to the default or dedicated GL suspense account.

Irregular manual adjustment

In addition to regular automated adjustments, you can manually reset the balances of all internal accounts or just one particular account during the day.

Immutable account balance mode

You can also avoid automatic or manual balance reset by turning off the internal account balance reset option.

In financial accounting, the funds are reflected on deposit and overdraft portfolio GL accounts.