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:
By default, the internal accounts balances are set to zero daily, a few minutes before the 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.
In addition to regular automated adjustments, you can manually reset the balances of all internal accounts or just one particular account during the day.
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.
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Learn more by referring to the description of the .
Find more information on for a particular internal account.
Account name
Text / Number
Enter the name you would like to assign to the account.
Account type*
List
Select the INTERNAL account type.
Jurisdiction country*
List
Select the jurisdiction country.
Account class
List
Select the account class.
Default currency*
List
Select the account default currency.
Overdraft amount
Number
Enter the maximum amount of negative balance an account can have.
Account holder name*
Text / Number
Enter the account holder's full name.
Residency country*
List
Select the residency country of the account holder.
To create a new internal account, go to:
Persons > Search for the person who needs to get an account created.
Fill in search parameters > click the Search button.
Click on the person’s Identification number to view the Person details.
Once on the Person details page, go to the content menu Accounts > Accounts.
On the Accounts page > click the Create account button.
On the New account page select the Internal account type and fill in the .
