Implement double-entry ledger journal entries on Lithic's ledger platform for a BaaS deposit product

domain: docs.lithic.com · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Review the Ledger Overview and Ledger Principles guides at docs.lithic.com/docs/ledger-overview and docs.lithic.com/docs/ledger-principles to understand the double-entry model and financial account structure.
  2. Create financial accounts for program and cardholder ledger positions using the Financial Accounts endpoints; each financial account has a balance composed of pending_credits, pending_debits, settled_credits, and settled_debits.
  3. Review financial transactions via the Financial Transactions endpoint (docs.lithic.com/docs/financial-transactions) to audit the journal entries generated by card authorizations, settlements, and adjustments.
  4. For fee accruals or interest entries, use the Book Transfers endpoint (docs.lithic.com/docs/book-transfers) to move balances between financial accounts within your program's ledger.
  5. Monitor financial account lifecycle states documented at docs.lithic.com/docs/financial-account-status-lifecycle to handle account transitions (e.g., from OPEN to CLOSED) in your reconciliation logic.
  6. Retrieve granular balance breakdowns per financial account using the Balances endpoint to reconcile pending versus settled positions during end-of-day processing.

Known gotchas

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