This article will detail how to process a term deposit rollover. In this scenario there are no cash proceeds, instead at maturity the term deposit is fully reinvested into a new term.
- Set up a New Term Deposit Account
- Process a Term Deposit Redemption event for the maturing deposit
- Process a new Term Deposit Acquisition event for the new term deposit
- Go to the Match Transactions screen and select both events
- Select both the acquisition and redemption transactions by ticking the boxes
- Click on Match
Learn how to process a Term Deposit - Interest Received