The GL Account Tree allows you to replicate the GL Account structure of the enterprise in the Mobiliser Platform.
Different GL account types can be used to form the GL Account Tree:
- Parent only – is used for aggregation and to create the required structure. This account type should not be used for assignment to payment instruments, fee beneficiaries, or interest calculation accounts. Other GL account types can also act as parent accounts.
- Regular – is used for standard accounting/reporting purposes and is generally assigned to a payment instrument—that is, a consumer SVA.
- Expense/Income – is used when the GL account not only reflects an internal GL account but also an actual revenue or expense account in Mobiliser Platform that is settled via the Mobiliser Account Management System (AMS)—that is, a fee account. This account type has a bank account attached it and is used for settlement transactions.
The Administration Portal is a flexible way of creating a GL account structure in Money Mobiliser. Nodes can be added at any level, except root, and the tree can have any number of levels. Deletion of nodes is only possible if the node is not yet used, or assigned anywhere. However, nodes can be deactivated at any time.
