General Ledger Entries

NBID banks can leverage daily or monthly General Ledger (GL) entries to support accounting and reporting activity associated with the NBID Deposit Network. This overview covers how your institution can structure and manage its general ledger accounts in alignment with these postings, outlining the key accounts needed and serving as a practical reference to help your accounting and operations teams ensure consistent, transparent, and accurate financial reporting of your NBID network activity.

To get started:

Set Up Accounts: Create the recommended GL accounts in your core system as outlined in the table below
Share Account Mapping: Provide ModernFi with your GL account numbers and mapping details by filling out the attached file and providing a copy to your Institution Success Manager or to [email protected] (not all accounts are required, and your institution can provide account numbers only for those it wishes to use)
Enable Entries: ModernFi will supply daily and/or monthly reports with required entries or facilitate automated posting directly

Impacted General Ledger Accounts

Account	Classification	Description
Reciprocal Deposits Received	Liability	Total reciprocal deposits received from the network
One-Way Deposits Received	Liability	Total one-way sourced deposits received from the network
Accrued Interest Payable	Liability	Interest accrued on network deposits (resets monthly)
Interest Expense	Expense	Interest expense on network deposits (aggregate)
Fee Expense	Expense	Fee expense associated with network sweeps
Fee Income	Income	Fee income earned from network sweeps

General Ledger Configuration

Banks can access General Ledgers Entries in two ways:

Direct from Admin Portal: Bank teams can pull these directly from the Admin Portal in the ‘Documents’ section
SFTP: Banks can enroll in automated SFTP delivery of these files

Please reach out to your Institution Success Manager or to [email protected] to enroll in GL support.