Accounting in Money Market instrument, Treasury

Hi,

We have configured loan for our client as a product in interest rate instrument. The client follows cash system of accounting and when interest is received the entry is Bank A/C -----Dr

               To Interest Received A/C

The same has been configured with G/L in accounting configuration for interest update type.

In cases where interest is not received from customer, the client adds back interest amount to customer account nd accounting entry is:

          Customer A/C-----Dr

              To Interest Received A/C.

Here can we configure interest update type to handle both scenerios or any other procedure can be suggested to cleint. Points will be awarded for solution.

Regards

Tushar