On the balancing data screen you specify the condition groups and the dates for account balancing and cash concentration.
The condition groups that were assigned to the product are stored under Condition Groups
. To display the details of this condition group, choose Details
. See also: Assigning
a Condition Group to an Account
For more information about conditions, see Condition.
In the section Account Balancing
, define the time periods for account balancing. Specify whether the account is relevant for capital yield tax (CYT). Specify whether the balancing is to be carried out on a reference account. To create a reference account
choose Create
. See also: Creation of a Reference Account for Balancing.
If an internal or external reference account is stored, the bank area and account number or bank country, bank key and account number are also displayed.
Note
The reference account may not already refer to another account.
In the Cash Concentration
section, specify the circumstances under which the actual account balancing with interest and charge calculation is to take place.
Example:
Period |
Period unit |
Day of the week |
Key date |
Meaning |
1 |
days |
every day |
||
1 |
week |
1 |
every week on Monday |
|
3 |
months |
15 |
every 3 months |
|
1 |
months |
31 |
on the last day of every month |
You can also enter on which date the next balancing is to be performed.
You have maintained the period data for account balancing and cash concentration.