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Procedure documentationEditing Account Settlements

 

On the Settlement tab page in the Time Periods group box, define the time at which and the frequency (time periods) with which you want an account settlement to be executed for an account. Account settlements are generally carried out in the context of end-of-day processing.

Procedure

  1. In the Time Periods group box, define the frequency (time periods) with which you want the account settlement to be run. Note that the frequency is based on the starting date you specify. The date of the next account settlement must be in the future.

    If you choose the characteristic value Months or Years as period unit, and if you have set 0 - No Working Day Shift for the working day shift, there is an additional field - Key Date = Working Day that is ready for input.

  2. In the group box Indicator, define whether you want the system to calculate capital yield tax for the settlement results, whether you want the settlement result posted, and whether you want the settlement results posted individually or as a total.

  3. If you want the system to post the settlement results to reference accounts rather than to the settled account, you must specify reference accounts on the Payment Details tab page for every condition type for which settlement results are calculated.

    Note Note

    To specify payment details for the posting of settlement results to reference accounts, you must have defined payment details types and assigned posting types to them. You do this in Customizing for Account Management under Start of the navigation path Product Management Next navigation step Settlement Next navigation step Define Payment Details Types for Settlement Postings End of the navigation path.

    End of the note.

  4. If applicable, choose an effective interest calculation method. For more information, see Executing Effective Interest Calculation.

  5. If applicable, choose a condition type offset method. For more information, see Executing Condition Type Offset.

Result

The system executes the account settlement on the dates you chose and posts the settlement results determined in accordance with the settings made on the Payment Details tab page.