Automatic Account Close
Purpose
To close all accounts with future and current ledger balances that are zero
Timing
May be run at any time
Usually run at month end
Access
- Accounts | Auto Close Accounts
Process
Field | Explanation |
Fixed Loan - Thank You Letter | Not used |
Severity of Letter | Not used |
Ignore Accrued Interest Less Than | If the Accrued Interest amount is less than the amount specified here, the account will still be closed providing that the current and future ledger balances are zero |
Termination Reason | [F2] to |
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