Standard Accounting Procedure BNPL Customer Balance Clearance

Government of India

Ministry of Communication

Department of Posts

(Tech Section- PAF Wing)

DOWNLOAD - Standard Operating Procedure for BNPL Customer Balance Clearance using F-02/F-04

Standard Accounting Procedure

BNPL Customer Balance Clearance

(F-02/ F-04)

(Ver 1.0)

File No : PA/CSI/02/118/2021-22
Dated : 15th April 2024
Effective : From FY 2024-25
References : 

(1) DGPS Instructions vide PA/CSI/04/161/2022-23 dated 17.11.2022 & 07.12.2022
(2) PO Division 27-15/2022-PO dated 27.12.2022 to all HoCs
(3) PO Division 27-15/2022-PO dated 10.07.2023 to PAF Wing
(4) UAT Report of CEPT

TABLE OF CONTENTS
Sl. No.	Description	Page No
1	Introduction	3
2	Booking: (Business Cycle)	3
3	Billing – Revenue Earned (Accrual Accounting)	3
4	Bill Payment	3
5	Settlement – Revenue Realized (Cash Based Accounting)	4
6	Bills to be Cleared from FY 2024-25	4
7	Apportionment of Revenue between DDOs / Circles	4
8	Existing F-28 Settlement Process & Challenges:	5
9	Revised Settlement Process	5
10	Scenarios	6
11	Remittance to Bank Sequence	6
12	Accounting Process by the Profit Centre where Payment is received (F-02)	6
13	Accounting Process by the Profit Centre where Revenue is accounted (F-04)	6
14	GL 4878200015 - RSAO– BNPL Customer Payment	6
15	Reconciliation before close of the account period	7
16	Record Maintenance & Reporting by the Profit Centres through their DDO	7
17	Monitoring	7
	I. Circle Office / Regional Office / Divisional Office	7
	II. Postal Accounts Offices	7
18	ANNEXURE-I (F-02 : BNPL CUSTOMERS INCOMING PAYMENT) REPORT	8
19	ANNEXURE-II (F-04 :BNPL CUSTOMERS BALNCE CLEARANCE) REPORT	9
20	F-02 / F-04 PROCESS IN SAP – ILLUSTRATION	10-12

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