Clearing Insurance Objects with Balance Interest Calculation
Use
The clearing restriction from the contract account master data is passed on to items posted to such an account, for insurance objects with balance interest calculation. A consequence of this is that insurance objects with balance interest calculation can only be cleared on an open account basis. This does not apply to down payment and disbursement requests, which can be cleared using the payment program, or other methods.
Note
You can find more information in the section entitled Clearing on an Open Account Basis .
Features
Note
Clearing on a cross-business partner, cross-contract or cross-currency basis is not possible.
Activities
In the Collections/Disbursements menu, select
Periodic Processing
For Contract Accounts and Insurance Objects
Clearing on an Open Account Basis
.