Creating a Booking involves registering a transaction, either past or future, indicating that a monetary exchange will occur. To understand more about the concept and processes of bookings, refer to our detailed section on Bookings Overview.
Bookings can be created manually in one of three ways:
Creating a Booking from Scratch: This method involves entering all the required details manually. Ideal for customized transaction records.
Creating a Booking from a Counterparty: This method uses existing accounting data to link the booking directly to a counterparty. Suitable for streamlined financial workflows.
Creating a Booking from an Invoice: This method links the booking to both a counterparty and a customer using invoice data. Best for transactions that are directly tied to invoicing activities.
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Manual booking creation, while detailed, can be tedious and prone to errors. To mitigate these issues, our system supports automated booking generation through predefined or custom booking generators.
Our system includes several out-of-the-box booking generators:
Rebate Generator: Automatically generates bookings from rebates created within the Commission System for a specified period.
Product Fee Generator: Generates bookings from product-related fees managed by the Portfolio Management System for a chosen period.
Generators can be easily added to counterparties via the system interface. Once a generator is linked to a counterparty, it will appear as an option in the "Generate Bookings" action menu.
To generate bookings:
Click "Generate Bookings".
Select the desired period (default is the current quarter).
Click "Confirm" to start the generation process. Bookings are generated in the background, and you will be notified upon completion.
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For efficiency, bookings can also be generated in batches:
From the list of counterparties, select "Generate Bookings".
Choose the counterparties and confirm the list.
Click "Confirm" to begin batch generation. Notifications will be sent once bookings are generated.
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