Fixed Deposit & Security Deposit

santosh_kr_prajapati

What is the way to handle Fixed Deposit with Bank & Security Deposit transactions in NAV 4.0 SP3.
Example: Opening, Interest, Maturity, Withdrawal Transaction etc.

Thanks

Santosh

ssingla

No standard way. You can use bank account to identify different FD's and post all the transaction with the bank account code. When the FD matures block the bank account card after transferring the balance to normal bank account or cash as the case may be.

muksha

Another way of identifying, to use different batches in the same account no. of FD'S. Then you have all FD'S transectional data in FD account and you can have a report extract from the acount ledger.