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Internal accounts

Updated on January 18, 2022

Internal accounts let you use symbolic names for accounts that are repeatedly used in accounting transactions and are typically not a party in the case. Internal accounts are commonly used to define suspense and write-off accounts, track paper or dummy entries, departments or external processes originating exceptions, and consolidated master bank accounts where one internal account number is used regardless of which member in a specific banking group is being debited or credited (for example, the Federal Reserve).

Internal accounts form the basis for a look up to a table called the Chart of Accounts. Internal accounts are instances of PegaAcct-Party-InternalAccount that you can copy into your application’s ruleset.

The following is an example of an internal account instance for a suspense receivable (debit) account.

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