Re: Derived flows for interest transfer

Hi Matthieu

For the following Interest Receivable Entry every capitalization changes the Base Amount for calculation.

Interest Receivable (customer reconciliation )A/c Dr

To Accrued Interest

In this case the base amount should continue to be 4000, however in 2nd Quarter compounding happens. Is it possible to avoid this

Also the requirement is to see the Principal Amount as well as Interest Receivable to be posted to the same Customer Account but with different reconciliation accounts to comply with disclosure requirements and ageing analysis

I highly appreciate your support in this thread

Regards

Zehran