Ledgers - Overview and Guide (Global)

Decentro’s Ledgers simplify transactions and money movement globally, offering a scalable, immutable solution for seamless operations.

Decentro broadly powers the below capabilities for businesses under the ledgers module.

• Transaction reconciliation: use the ledger module to create and update the status of transactions
• Multiple ledgers: create multiple journals to manage different types of transactions
• Source reconciliation: use the ledger-based transactions to collect or pay out funds
• Immutable source: use the ledger to fetch the transactions and keep the ledger updated
• Dynamic calculations: define calculations at an account for Decentro to handle the same

📔 Use Cases for Ledgers

Ledgers can be leveraged for the below use-cases.

• Cashbacks: Merchants can use ledgers to earmark cashbacks in their ledger and provide cashback to accounts or wallets including the conversion rates
• Loyalty: Merchants can use ledgers to segregate loyalty points or ‘coins’ that can be used for availing other services within their ecosystem
• Pods: Merchants can use ledgers to create pods that can be used to specific use-cases like Savings, Investments, Consumption, etc.
• Reconciliation: Merchants can use ledgers to reconcile the actual flow of funds to what they collect from their consumers through payment gateway, etc.
• Fees: Merchants can use ledgers to levy fees or charges for specific transactions including items like forex or transfer fees
• Repayment: Merchants can use ledgers to facilitate repayments on loans or BNPL like a simple Loan Management system (LMS)

🥇 Benefits of Ledgers

Ledgers provide the below benefits to businesses.

• Single source of truth for all transactions and calculations
• REST APIs that can be used on mobile apps or web applications
• Easy to consume APIs that can be used for a variety of scenarios
• Multi-ledger support across any currency or merchant
• Deeply integrated with Decentro’s payments or card stack
• Partner agnostic that can be used standalone as well
• Ready to consume reconciliation APIs for all ledgers
• Ability to set reminders or recurring ledger entries
• Set and modify limits on transactions

✅ Product Setup

Below is the recommended flow for the Ledgers module.

• Create a Journal for a specific use case or requirement
• Create a ledger account for a specific entity/customer
• Create a transaction against an active ledger account
• Update the status of a transaction against a ledger account
• Transfer the entry from a ledger account to another ledger account
• Delete an entry from a ledger account in case of any roll-back
• Archive a ledger account to avoid future transactions