Use

You can specify the bank details of the account that the system is to use as the clearing accountfor a loan account on the Clearing Account tab page.

Prerequisites

You have made settings for the product attributes under the Clearing Account node for the product on which the account is based in the IMG activity Create Account Product or Change Account Product in Customizing for Account Management (FS-AM)

Procedure

Enter the bank details of an account, for example a checking account held by the borrower.

If the system proposes the loan account as the clearing account, you can keep this data or overwrite it with data for a different account.

Result

The clearing account is assigned to the loan account and the system can use it within payment distribution. For more information, see Payment Distribution .