BROWSE: CATEGORIES

ADJUSTEMENTS

An adjustment represents a cashflow in Kooltra. To post an adjustment, click on Settlements > Adjustment in the right-hand navigation pane.

Types of Adjustments

The types of adjustments that can be inserted are:

Insert Adjustment.gif
  • Nostro Credit - Credits (adds) the specified amount to a Nostro account. 
  • Nostro Debit - Debits (decreases) the specified amount to a Nostro account. 
  • Nostro Transfer - Transfers money between Nostro accounts. This involves debiting the Nostro specified in From field, and crediting the Nostro specified in To field. 
  • Vostro Credit - Credits (adds) the specified amount to a Vostro account. 
  • Vostro Debit - Debits (decreases) the specified amount to a Vostro account. 
  • Vostro Transfer - Transfers money between Vostro accounts. This involves debiting the Vostro specified in the From field, and crediting the Vostro specified in To field. 
  • Wire-in - Represents funds (money) flowing into your business. This type of adjustment will credit the account in the From field and credit the Nostro.
  • Wire-out - Represents funds (money) flowing out of your business. This type of adjustment will debit the account in the From field and credit the Nostro.

All adjustments have subtypes. Subtypes can be set up in Entity Settings. Examples of subtypes include bank fee adjustments, interest adjustments and equity adjustments. 

Posting an Adjustment

The most common types of adjustments are wire-ins and wire-outs. The video below shows a wire-in being posted for Acme Corp.

If adjustments are posted without checking off the Complete checkbox, they are Open and will appear on the Pending Settlements card in the Settlement Processor. If an adjustment is marked as Complete, then it will be closed automatically after insertion. 

Next Page > Bank Accounts

 

adjustment, nostro credit, nostro debit, vostro credit, vostro debit, vostro transfer, wire