Also, there should be option to post interest at: a) the end of current period: for example: on 31st of March, instead of 1st of April or b) beginning of next period: for example: on 1st of April and not 31st of March
This is important - else this interest will be considered as an expense for next period (financial year in India), instead of current period.
I see 2 new configurations to be added at Organization level: a) Savings Interest Posting time - "End of Current Period" Or "Beginning of Next Period" b) Financial Year Beginning Month - "January", "April", "July" Or "October"
The interest posting batch job should consider these configurations when posting interest for deposit accounts.
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