Income Recognition

Dear Colleagues
We are running T24 R06 on jbase4. I would like to know how best to ensure income(Interest, Penalty Interest, Penalty Interest Spread, Penalty fees etc) accruals are suspended and reversed at NAB.
I want to ensure this is done for all loan products. We have a mapping to a third party accounting software and the task is to ensure that when income is reversed and NAB the correct lines are also affected in the accounting package. How can I check that reversal entries for income are being passed and to the correct accounting lines. There is always a difference in income in the account software and i would like to ensure T24 is doing the correct thing.

Helo

The configurations are set on PD.PARAMETER for each product and ASSET.CLASS.PARAMETER

You can specify settings basing on your requirements on those files.

However my advise you should work closely with Temenos on this as the settings are very sensitive and if done wrongly can lead to a disaster in terms of managing the financials of the Bank.