Setup control accounts for an originator group

The financial control accounts are linked to a warehousing entity and all control accounts are setup at warehouse entity level. Finance companies will need to indicate which control accounts are used for fees (like establishment fees, management fees, etc) and what will be used to record the fees earned and fees payable on the fund account instance.

1. Login to Clearmatch Fusion with the relevant credentials:

2. Navigate to Configuration > Organisational Structure: 

3. Select the Warehousing Entities option under Entity:

4. From the list provided, select the warehousing entity that requires the control account (select the link via their Name): 

5. This will redirect to the Display Warehousing Entity page for the selected warehousing entity. Click on the Actions Panel  > Control Account > Add Control Account:

NOTE: When adding a new control account name, make sure that an exisiting control account name is not used. 

6. Create three separate control accounts by entering the details of the Account Name and then clicking on the  button e.g. Outsource Financial Retention Outsource Financial Commission, Outsource Financial Establishment Fees:

7. When the control accounts have been created, they can be viewed by clicking on the Control Accounts association tab (alternatively by selecting Control Accounts from the drop down list or Quick Links if enabled): 

8. After checking to see that they exist, click on the Actions Panel  > Control Accounts > Setup Originator Group Accounts:

9. Search for the control accounts that were just created, and add them under the Retention Account, Commission Account and Fee Account fields:

Click on the  button to assign the new control accounts to those selected accounts or the  button to return to the Display Warehousing Entity page.

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