Microenterprise Access to Banking Services Program Accounting Entries Accreditation and Implementation Training Mobile Phone Banking.

Slides:

Advertisements

Similar presentations

Balancing Your Checking Account All firms must reconcile their check book balances with the balances reported to them by their banks.

Advertisements

The General Ledger 4 Post to the ledger The 4 th step of the accounting cycle is to post to the ledger. 4 Post to the ledger The General Ledger is a book.

Unit 1 test will occur on Monday, September 29

Week 10.  You can have separate accounts receivable accounts with only a handful of customers but what if the business had 500 credit customers?  You.

REMITTANCE NETWORK Business Presentation. What is PINOY PERA PADALA? PINOY PERA PADALA is a remittance service aggregator that accredits suitable business.

Branch Organizational Chart Duties & Responsibilities of Branch Personnel.

 Internal Control is the set of procedures used to protect the assets from theft and waste.  Good internal control protects both the business and the.

Consolidation, Settlement, and Reconciliation

D. Brothwell, CPSLO1 April 17, Changes to Come.

Chapter 1 Exercises Accounting and the Business Environment

2 pt 3 pt 4 pt 5pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2pt 3 pt 4pt 5 pt 1pt 2pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4pt 5 pt 1pt Chapter 1&2 Into to Acct Chapter.

Financial Reporting by the Federal Government

Bank Reconciliation. What is bank reconciliation? A process that allows individuals to compare their personal bank account records to the bank's records.

© 2003 The McGraw-Hill Companies, Inc., All Rights Reserved Chapter 4 Accounting for Branches Combined Financial Statements.

Where are we in the Accounting Cycle? 1. Transaction Occurs (Source Document) 2. Transaction Recorded in Journal 3. Journal Entries Posted to the Ledger.

Week 6.  Need to update certain general ledger accounts at the end of the fiscal period.  Reflect “internal” transactions ◦ Supplies used ◦ Prepaid.

BANK RECONCILIATION STATEMENTS.

Unit # 4 – The Income Statement. Where we are: 1.Journalize (Using the General Journal) – not yet 2.Post (To Ledger Accounts – which are also known as.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 16-1 Recording Adjusting Entries.

Microenterprise Access to Banking Services Program Accounting Entries RBAP-SMART Money Accreditation Training.

Chapter Five 7 Words.

Kardashian Kard “Take Us With You Everywhere”. What is It? Credit Card/ Debit Card Pre-Paid Both Online (Mobile) and Offline Payments.

Chapter 7 Quiz on next Tuesday Nov 3.  Let’s review how trial balance is made: 1. Journal entry is made in journal. Debit amount and Credit amount must.

Balance Sheet Mr. Hill started a new business. Prepare balance sheet entries for the following transactions.

Basic Bank Services Bank account Bank deposits and cheques Electronic funds transfer Bank credit card transactions Debit card transactions 1 © 2013 McGraw-Hill.

RBAP Confidential and Proprietary RBAP G-Cash Services Training TEXT-A-DEPOSIT INTERNAL PROCESS PROCEDURES Rural Bankers Association of the Philippines.

Introduction to Mobile Phone Banking Services

RBAP G-Cash Services Training CONTINGENCY PLAN Rural Bankers Association of the Philippines & Microenterprise Access to Banking Services.

Nixon P. Mahilum MABS Mobile Phone Banking Specialist Expanding E-Money Resellers in rural areas.

Microenterprise Access to Banking Services Program Accreditation Procedure & Requirements Checklist.

At the end of the accounting period, the company makes the accounts ready for the next period. Closing the Books SO 2 Explain the process of closing the.

NC Wing Proposal to Consolidate All Unit Finances Into Wing Finances Larry J. Ragland, Col., CAP Commander Rich London, Capt., CAP Finance Officer.

McGraw-Hill/ Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved Accounting for Branch Operation 11 Electronic Presentation.

Recording and Adjusting Closing Entries. 2LESSON 8-1 ADJUSTING ENTRY FOR SUPPLIES 1 2 page Write the title of the account credited. Record the.

FIRST CITIZENS BANK INTERNET EXPERIENCE AND FACING THE FUTURE – MOBILE INTENET

Principles of Accounting I ACCT-1104 Adjusting Entries Review Click Here to Proceed.

Chapter 7.1 Posting Accounting data in this journal entry has not yet been transferred to the ledger Journal.

INTERNAL PROCESS PROCEDURES

1 Contingency Plan, General Security and Internal Control Microenterprise Access to Banking Services Program Accreditation and Implementation Training.

 All temporary accounts must be “closed” at the end of an accounting cycle ◦ This prepares them for the next fiscal period.  Closing a temporary account.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 8-2 Recording Closing Entries.

Lecture 12 Chapter 04 Completing the Accounting Cycle Task Force Image Gallery clip art included in this electronic presentation is used with the permission.

Head Office Branch Consolidated Reporting Module End…

Oracle Cash Management Overview. Objectives After completing this lesson, you should be able to do the following: Describe the key features of Oracle.

Posting Separate Amounts from a Journal to a General Ledger POSTING TRANSFERRING INFORMATION FROM A JOURNAL ENTRY TO A LEDGER ACCOUNT POSTING.

3–13–1 1-1 Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.

Current Accounts HSBC Premier  HSBC Premier is more than just a bank account, it's an exclusive service tailored to your individual financial.

Ice BreakingRTI Allahabad1 Learning Objective. Ice BreakingRTI Allahabad2 Learning Objective Objective: This activity is intended to help you get to share.

Chapter 5 Pages  If only a _______________ was used you would have to search through all journal pages to find items affecting a single account.

PS FORM 1412 BASIC REPORTING Pacific Area Finance Training February 2008.

University Smart card for S.E.K.U

LESSON 8-1 Recording Adjusting Entries

Two ways to protect cash:

RECORDING A DISHONORED CHECK ON A CHECK STUB

Lesson 4-2 Posting Separate Amounts from a Journal to a General Ledger

Advanced Financial Accounting FIN-611

LESSON 4-1 Preparing a Chart of Accounts

Banking: Managing your money

CASH & Bank Reconciliation

Transactions that Affect Revenue, Expenses, & Withdrawals

التدريب الرياضى إعداد الدكتور طارق صلاح.

BUSINESS HIGH SCHOOL-ACCOUNTING I

Adjustment for Accrued Revenues

Posting to a General Ledger

LESSON 8-2 Recording Closing Entries

Closing Entries and Corrective Entries

LESSON 8-1 Recording Adjusting Entries

CLOSING ENTRY FOR AN INCOME STATEMENT ACCOUNT WITH A CREDIT BALANCE

Events affecting Year 1: 1. Provided $46,000 of services on account.

Presentation transcript:

Microenterprise Access to Banking Services Program Accounting Entries Accreditation and Implementation Training Mobile Phone Banking

Accounting Entry Funding of GCash Wallets Head Office Branch Level Account DescriptionDrCrAccount DescriptionDrCr 1)Pre-funding GCash Sweep Wallet A/R GCash Sweep Wallet50, Due from Local Bank 50, ) Pre-funding GCash Mother Wallet A/R GCash Mother Wallet50, A/R GCash Sweep Wallet 50, ) Funding of GCash Branch Wallet Due From Head Office10, A/R-GCash Branch Cash Loading Wallet 10, A/R - GCash Mother Wallet 10, Due From HO/Branches 10,000.00

Accounting Entry Day-to-day Transactions – Branch Level Head Office Branch Level Account DescriptionDrCrAccount DescriptionDrCr 4)Cash Loading (Cash In) (Transactions for the Day) Cash On Hand7, A/R GCash Branch Cash Loading Wallet 7, ) Encashment (Cash Out) (Transactions for the Day) A/R GCash Branch Encashment Wallet 4, Cash on Hand 4, ** Take note that entries to recognize income for Cash In / Cash Out fees is not yet reflected here. You need to prepare a separate entry.

Accounting Entry Consolidation and Settlement Head Office Branch Level Account DescriptionDrCrAccount DescriptionDrCr 6) Transfer from Branch to Head Office for Consolidation/Settlement A/R - GCash Mother Wallet7, Due From HO/Branches7, Due From Head Office 7, AR-GCash Branch (Cash Loading / Encashment) Wallet 7, ) Consolidation and Settlement A/R GCash Sweep Wallet27, A/R GCash Mother Wallet 27, Due from Local Bank27, A/R GCash Sweep Wallet 27, ** Take note that instead of transferring back the total remaining balance of GCash (P 47,000) only P 27,000 was transferred back to settlement account. P20,000 GCash will be used for GCash CICO transactions the following banking day.

Summary: Ending Balance ** Ending Balance after ConsolidationDrCr Cash on Hand3, A/R GCash Mother Wallet20, Due from Local Bank 23,000.00

End of Presentation