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Automatic Debit position/Manual debit position

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Hi Friends,

 

Please let me know the use of automatic debit position and manual debit position.

 

How can I achieve below scenario throught two-step procedure:

 

Interest due: need to post by FWSO

 

Entry: Dr Interest receivable 1000

          Cr Interest Income  1000

 

Interest Payment: Need topost by FWZE

 

Entry: Dr Cash/bank  1000

           Cr Interest receivable 1000

 

Kindly suggest me what configuration steps required to achieve this one.

 

Thanks,

Naga


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