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4.1.1 COA Snippet
HEAD | Placeholder |
Assets | Cash |
| Loan Portfolio | |
| Transfers in Suspense | |
Income
| Interest on loans |
Income from fees | |
Income from Penalties | |
Expenses | Losses Written Off |
...
Event | Debit | Credit |
Disbursal | Loan Portfolio | Cash |
Principal repayment | Cash | Loan Portfolio |
Interest repayment | Cash | Interest on loans |
Principal Write off | Losses Written Off | Loan Portfolio |
Fees payment | Cash | Income from fees |
Penalty payment | Cash | Income from Penalties |
| Initiate Transfer (From Branch A to Branch B) | Transfers in Suspense | Loan Portfolio |
| Accept Transfer (In Branch B) | Loan Portfolio | Transfers in Suspense |
4.2 Accrual Based accounting Scenario
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HEAD | Placeholder |
Assets | Cash |
Income | Income from fees |
Income from Penalties | |
Expenses | Interest for Savings |
| Liability | Savings Control |
| Transfers in Suspense |
5.2 Posting Rules
Event | Debit | Credit |
Deposit | Cash | Savings Control |
Withdrawal | Savings Control | Cash |
Interest posting | Interest for Savings | Savings Control |
Fees payment | Savings Control | Income from fees |
Penalty payment | Savings Control | Income from Penalties |
| Initiate Transfer (From Branch A to Branch B) | Savings Control | Transfers in Suspense |
| Accept Transfer (In Branch B) | Transfers in Suspense | Savings Control |
6 Closure Dates
Allow setting closure dates at branch level after which accounting transactions cannot be posted.
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