Enter Interest Proposal Posting Control Information

Explanation

This activity is used for entering posting control information related to interest proposals. The following information may be used as a guideline when setting up the posting control in a company at system start up. For further information on Posting Control in Financials, see the process Set up Financial Basics.

The posting type PP20 is used for interest proposal. PP20 does not require a ledger account

Available Control Types

• Connection between Posting Types and System Event: Debit or credit posting: Normal customer invoices will have a credit posting.
• Description of use: When printing the interest invoice/note, the customers ledger account will be affected and this posting type allocates the interest revenue to the proper account.
• How to enter posting control Information is explained in the process Define Financial Basics, Set up Basic Data Accounting Rules, the Modify Rules section.

Prerequisites

This activity requires that a company has been created and that the chart of accounts has been defined.

System Effects

As a result of this entry vouchers with posting type PP20 can be created when interest invoices/notes are printed and created. The customer ledger account is affected according to posting control defined above.

Pages

Posting Control
Posting Control Navigator - Posting Control

Activity Diagrams

BDR General Interest Invoicing Information
BDR for Interest Proposal