Your client, a banking organization, is currently using different transaction systems to take care of various
types of loans, including vehicle loans, personal loans, education loans, and housing loans.
You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan
Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge Off as event types. Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?
You are implementing Accounting Hub Cloud for one of your clients. Your client has agreed to have six
segments for the chart of accounts: Company, Line of Business, Account, Department, Product, and
Intercompany.
For one of the journal line rules, your client requests you to assign a common account rule for Company, Line
of Business, Account, and Intercompany. However, for Department and Product, they want to use segmentspecific rules.
How will you achieve this while setting up the journal entry rule set?
Your client, a banking organization, is currently using different transaction systems to take care of various
types of loans, including vehicle loans, personal loans, education loans, and housing loans.
You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan
Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge Off as event types. Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?