We have a requirement to calculate SD interest on monthly basis and book those amounts to the GL. We are running FPINTM2 in simulation mode and then have a custom program to summarize the GL bookings into SD Interest Owed and Expense GLs. However whenever move-out happens deposits are released and SD interest is paid out for certain accounts which hit the cash and the expense GLs. Now the following month when we are re-calculating SD interest owed we are reversing out the GL documents posted earlier and then rebooking for the current month calculations.
I would like to know if someone else had a similar requirement and is there any standard way of achieving this. Thanks in advance.
