Define Loan Posting

Explanation

This activity is used to define posting for a loan for accounting and finance reporting purposes.

In order to perform this activity, loans are required to be registered in the system.

There are no system effects.

Open the Loan Posting Definition window and find a loan for which you want to define the posting.
Create a new record in order to start the posting definition.
In the Loan Posting Event field, select a sort of loan posting which you want to define. The options are as follows: Assets - for amount of loan only, Interest - for interest on loan only, Cease - for ceasing a loan, Cease Interest - for ceasing interest on loan, Manual Payment - for loan payment via cash desk, Installment - for installments only.
In the Debit Posting Type field, specify an id for the debit accounting control. You can use the list of values.
In the Credit Posting Type field, specify an id for the credit accounting control. You can use the value list.
Specify validity dates for the posting in the Date From and Date To fields.
Save the information.