Deferred bank Interest Tracking on the G/L Level

Dears Experts,

My customer requirement is to track the Deferred bank Interest for the following years on the G/L level.

So is T.code: TPM44 can be used for such a requirement?

I see that during posting the accrual it also displays the remaining balance for the interest, I'm thinking it can be covered as below:

Loan principal amount: 1 M $

Interest for 5 years: 200,000 $

During running the accrual after the first year ends which equal 40,000 $ for example,

T.code: TPM44 display 160,000 as a remaining Deferred interest, so is it applicable to post the amount to be as below:

Dr. Deferred Interest          160,000    

     Cr. Loan                               160,000

and to be reversed the following day.

After the second year which also equal 40,000 $ for example the below entry should happened:

Dr. Deferred Interest          120,000    

     Cr. Loan                               120,000

and to be reversed the following day as well.

Regards,

Ahmed Samir