Smart Investigate for Payments uses internal accounts in accounting transactions that are typically not a party in the case. Internal accounts are most often used to define reconciliation, wash, suspense, and profit and loss accounts. Once defined, internal accounts form the basis for a lookup table called the Chart of Accounts that defaults commonly used account numbers and account names into the Smart Investigate for Payments accounting transactions.

Smart Investigate for Payments ships with a standard set of internal accounts. For deployment, you create instances of these records in your ruleset and update them with the appropriate account information. See Appendix A, Application-Specific Information, for a list of the internal accounts shipped with Smart Investigate for Payments.

Once you create the internal account you must associate it with a work pool class described in the next section of this chapter.

Ruleset record affected:

• PegaSI-Party-InternalAccount instances

This image shows the internal account setup for the Nostro Accounts Payable account.