Loan Product Fields—Additional Fields for Accrual
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Accounting
The same fields apply for both periodic and upfront accrual accounting.
Field Name (attribute) | Description | Example | Validations (if applicable) |
---|---|---|---|
Assets | |||
Fund source | |||
Loan portfolio |
| ||
Interest Receivable | |||
Fees Receivable | |||
Penalties Receivable | |||
Transfer in suspense | |||
Income | |||
Income from interest | |||
Income from fees | |||
Income from penalties | |||
Expenses | |||
Loses written off | |||
Liabilities | |||
Overpayment liability | |||
Advanced accounting rules (optional) | |||
Configure Fund Sources for Payment Channels Payment Type Fund Source | |||
Map Fees to Income Accounts Fees Income Account | |||
Map Penalties to Specific Income Accounts Penalty Income Account |