Balance Interest

[Former Member]

Hi Friends,

My client has a requirement. Security deposit is received from Stockists ( Debtors) and the same is posted to the same debtor account using Spl GL Indicator. Interest has to be paid on the security deposit. Can any body help me to do the configuration.

Thanks,

Srinivas A

[Former Member · Accepted solution]

Hi Srinivas,

For that you can create special gl indicator for security deposit in OBXR.and create gl account for interest calculation

Define interest calculation Type:

Prepare Account balance interest calculation:

Define reference interest rates:

Interest indicator

Enter interest values:

Regards

Surya

Edited by: Surya Naveen on Oct 6, 2008 8:46 AM