FICA: Clearing rules for account maintenance & auto clearing to apply credits against unpaid security deposits regardless of due date

[Former Member]

Hi Folks,

We have a requirement in FICA clearing rules to apply the payment against unpaid security deposit irrespective of the due date. I have the below rule configured as the first step in my clearing variant.

Grouping String: 019 (statistical indicator); Grp Rule: 3; Char Value: H (security deposits); AIRI: 4;  Group: 019

Sort characteristic: 010 (Due date); Rank: 3; Char value: H; Rank: 1

I have maintained the corresponding clearing variant in all the clearing types (account maintenance, automatic clearing, and incoming payments); Clearing rule is working perfectly during payments, however for account maintenance and automatic clearing it's not applying the credits against security deposits first. I still see that the items are cleared only based on due date;

Am I missing something here? Please share your suggestions.

Thanks,

Santosh

[Former Member]

Has anyone worked on this requirement before? Please advise.

Thanks,

Santosh

[william_eastman · Accepted solution]

Santosh:

This rule will not work in account maintenance.  You would need to include the data about the credits into your grouping criteria in order for that to work.  Most clearing rules do not work for account maintenance as they do for payments.  You probably need to have a separate variant with a rule not based on statistical indicator, but rather based on transaction value or maybe create your own custom grouping via TFK116.

regards,

bill.

[Former Member]

Thanks Bill. Setting up the step by transaction instead of statistical indicator worked !!

Regards,

Daya

[william_eastman]

You're welcome.  Please update your thread to indicate it has been answered (and so should everyone else if their threads have been answered by someone or by themselves )

regards,

bill.

[Former Member]

Hi Bill,

I am new to FICA, can you help in learning clearing rule configuration, if some documents are there giving step by step guidance would be a great help

Regards,

Lalit