> For the complete documentation index, see [llms.txt](https://wallee.gitbook.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wallee.gitbook.io/documentation/activate-your-account/reconciliation-accounting/wallee-accounting-capabilities.md).

# Accounting Capabilities

## 📘 Accounting Capabilities

{inject-platform-name} provides basic accounting capabilities that allow you to maintain a journal and generate accounting summaries. These features enable you to use {inject-platform-name} as a **lightweight sub-ledger**, ideal for simplifying reconciliation and tracking financial flows across payment processors.

> ⚠️ **Note:** This module must be explicitly enabled. No accounting entries will be written unless the feature is activated.

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### 🧾 Overview

The core of the accounting system is the **Journal**, which continuously tracks changes on individual accounts over time. These journal entries are grouped into **Accounting Summaries**, which can be used for:

* Financial reporting
* Reconciliation

{inject-platform-name} records accounting entries for every transaction in the form of a **Debtor Tool**, which acts as a virtual sub-account. Funds are recorded here when they are received via one of the following channels:

* 🏦 **Third-party acquirers** providing settlement files
* 📨 **External processors** whose account files are imported
* ⚙️ **wallee Processor**, delivering settlement records directly

In each scenario, the system generates journal entries and clears the open debtor items accordingly.

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### 🔒 Activation & Requirements

To use this feature:

1. ✅ The **Accounting module** must be enabled in your environment.
2. 📥 {inject-platform-name} will begin writing **Bank Transaction Records** and creating the corresponding journal entries automatically.
3. 💡 Ensure that your integration supports the ingestion of settlement data via one of the supported input formats (e.g., account files or processor APIs).

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### 🚧 Limitations & Restrictions

{inject-platform-name}’s accounting functionality is **intentionally basic** and does **not** aim to replace a full general ledger or ERP integration. See [Restrictions / Limitations](/documentation/activate-your-account/reconciliation-accounting/wallee-accounting-capabilities/accounting-summary/restrictions-limitations.md)

Before using this module, you should be aware of the following limitations:

* ❗ It does **not support complex accounting rules** or multi-entity consolidations
* ⚠️ Manual correction of misbooked entries is only possible via API or admin interface
* 🧩 Integration with your main accounting system is **not included**
* 🛠️ Available features may differ depending on your processor and configuration
* We can not handle Multicurrency reporting. This is only done for basic account or verifications.

> 💡 You should evaluate these limitations carefully before relying on {inject-platform-name} as a core accounting component.