Hello All,
I have a query regarding clearing of installment plan.
For example:
Posting Date Due Date Description Amt
01.02.2011 20.02.2011 Fees 5000
01.02.2011 20.02.2011 Interest 200
01.02.2011 20.03.2011 Interest 100
01.02.2011 20.04.2011 Interest 50
These are the items posted in a customers account
Based on these items an installment plan is created for 3 months.
My installment plan would be
Posting Date Due Date Description Amt
1.02.2011 20.02.2011 Instalment 1783
1.02.2011 20.03.2011 Instalment 1783
1.02.2011 20.04.2011 Instalment 1785
How will the source item be cleared. In what hierarchy will it clear.
I need to know, that can we clear partially clear the fees amount and interest based on the due date. If so, how can we achieve it.
Regards,
Charvi