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Alternative Reconciliation Account for Customer Postings TRM

Dear Experts

For initial outflow for 51A i have configured Customer Integration and working fine, however Accrued Interest (Nominal Interest) and Interest Capitalization needs to be accounted in Interest Receivable which is a Alternative Reconciliation account

Kindly suggest if this could be achieved through the Standard TRM Account Determination

Regards

Zehran

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 18, 2016 at 10:50 AM

    Hi,

    You can support different accounting treatments through additional valuation classes and account assignment reference.

    The different valuation classes will map to the different account assignment reference in the "Define Account Assignment Reference Determination" step. The different Account Assignment Reference will map account symbols to the appropriate GL Accounts in the "Define Account Determination" step.

    The blog I posted on customizing for Term Deposits goes over the configuration steps in great details. You can use it to identify which steps you have to perform.

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