Settlement of Customer Invoices/On Account Payments between group companies of a customer - SAP ByD

Dear Experts,

Is it possible to clear on-account payments posted to customer XYZ (Group Company) against invoices of customer XYZ (Subsidiaries) using the account hierarchy in SAP Business ByDesign?

Eg:

On Account Payment

Bank Dr 1000

XYZ (Group Company) 1000

Clearing & Allocation

XYZ (Group Company On Acc) Dr 1000

XYZ (Subsidiary 1 Invoice) CR 500

XYZ (Subsidiary 2 Invoice) CR 500

Where subsidiaries are in different states in India. Kindly assist

Regards,

Kshama