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Security Deposit Interest Accrual

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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.


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