Deferred bank Interest Tracking on the G/L Level
My customer requirement is to track the Deferred bank Interest for the following years on the G/L level.
So is T.code: TPM44 can be used for such a requirement?
I see that during posting the accrual it also displays the remaining balance for the interest, I'm thinking it can be covered as below:
Loan principal amount: 1 M $
Interest for 5 years: 200,000 $
During running the accrual after the first year ends which equal 40,000 $ for example,
T.code: TPM44 display 160,000 as a remaining Deferred interest, so is it applicable to post the amount to be as below:
Dr. Deferred Interest 160,000
Cr. Loan 160,000
and to be reversed the following day.
After the second year which also equal 40,000 $ for example the below entry should happened:
Dr. Deferred Interest 120,000
Cr. Loan 120,000
and to be reversed the following day as well.