In UK we have council taxes to be paid for the full year in 10 installments.
For example :
Coucil tax for 2011-12 is 12000 GBP needs to be paid in 10 installments as 1200 GBP each in 10 months.
Whereas this payement needs to accrue/deffer for the full year for 12 months.
Please suggest how do we set up the contract conditions to fulfil the above.
Please suggest how do we deal with it.
create an accrual object and post
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