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Former Member
Jan 03, 2012 at 10:40 AM

Installment plan clearing

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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