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To understand the settlement, you only need to remember the "123457"

author:Everybody is a product manager
In the previous article, we shared the definition of clearing and settlement, accounting treatment, etc. In fact, it sums up 1234567 seven numbers. How to understand? Let's take a look at the author's sharing.
To understand the settlement, you only need to remember the "123457"

Two days ago, I wrote a 10,000-word long article, which deeply analyzed the principle of clearing and settlement accounting processing of payment institutions.

To sum up, it is "1 picture, 2 lines, 3 in transit, 4 paragraphs, 5 accounts, 7 links", 6 go there, you can look for it, among them

1 picture

It is such a minimalist diagram that basically explains the full amount of business involved in the entire clearing and settlement.

To understand the settlement, you only need to remember the "123457"

2 lines

It is the two lines of income and expenditure, and when doing the settlement and accounting processing, the collection and payment are looked at independently.

To understand the settlement, you only need to remember the "123457"

3 on the way

In the whole accounting process, the three groups check the three major funds in transit, that is, the user is in transit, the payment is in transit, and the funds are in transit.

To understand the settlement, you only need to remember the "123457"

Number of 4 segments

That is, accounting data, payment data, channel clearing data, and channel settlement data.

To understand the settlement, you only need to remember the "123457"

5 Accounts

That is, there are 5 sets of accounts set up to realize the full-link accounting processing of clearing and settlement, which are merchant settlement accounts, accounts to be settled, clearing current accounts, bank accounts receivable and payable, and bank deposits.

To understand the settlement, you only need to remember the "123457"

7 links

That is, the entire clearing and settlement involves 7 major links of accounting processing, namely payment transaction link, channel clearing link, transaction error link, merchant settlement link, merchant error link, channel settlement link, and long and short payment error link.

To understand the settlement, you only need to remember the "123457"

Of course, there is also the analysis of how the global business data flows to the whole process of accounting flow and transformation.

To understand the settlement, you only need to remember the "123457"

In the end, an example is used to connect the overall accounting processing of the entire clearing and settlement "123457" in series; The solution of the case is directly refined to the field level, which is basically a nanny-level tutorial.

To understand the settlement, you only need to remember the "123457"

This article was written by Everyone is a Product Manager Author [Chen Tian Universe], WeChat public account: [Chen Tian Universe], original / authorized Published in Everyone is a product manager, without permission, it is forbidden to reprint.

Image from Unsplash, based on the CC0 license.