Loan Disbursement

• Fixed amount disbursed from MFI to Applicant
• Single transaction created to represent disbursement
• If charges due at disbursement, another transaction is auto created to represent their payment
• If charges that are not due at disbursement are present, another transaction is auto created to represent the "application" of this charge

• Only principal is accounted
• No interest or fees due at disbursement are accounted

• Principal is accounted
• Expected interest is accounted
• Paid fees are accounted for directly (no control accounts used, cash gets debited directly)
• Applied (expected) fees are accounted

Undo Disbursement

• Any transaction that exists is reversed

• Journal entries entered for disbursement are reversed

• Journal entries entered for disbursement are reversed

Loan Repayment

• Fixed amount repaid to MFI from Applicant on given date
• Amount broken down into principal/interest/fees/penalties
• Single transaction created
• Back-dated transaction allowed, these can affect the derived fields of other transactions.

• principal/interest/fees/penalties accounted for as configured
• Accounting handles side affect on other transactions (for backdated entries)

• principal/interest/fees/penalties accounted for as configured
• Accounting handles side affect on other transactions (for backdated entries)

Adjust Loan Repayment

• Reverses original transaction
• Creates new transaction to represent new details
• Adjusting repayment can affect the derived fields of other transactions

• entries for original transaction reversed
• entries for new transaction created
• Accounting handles side affect on other transactions

• entries for original transaction reversed
• entries for new transaction created
• Accounting handles side affect on other transactions

Waive Interest

• Transaction created to represent amount of interest being 'waived'
• Waiving interest in the past can affect derived fields of other transactions

• No impact on cash based accounting if waiver is done in the future
• If waiver is done in the past, changes to derived fields of already paid installments are accounted for

• entries for interest waived
• If waiver is done in the past, changes to derived fields of already paid installments are accounted for

Write off

• Transaction created to represent outstanding balance of loan being written off

• principal/interest/fees/penalties accounted for as configured

• principal/interest/fees/penalties accounted for as configured

Add Loan Charge

• Adding charge in past would affect derived fields of other transactions

No impact on cash based accounting?

Remove Loan Charge

• Validations have been added to not allow removing loan charges once a loan is approved

N/A.

No impact on accounting

N/A.

No impact on accounting

Waive Loan Charge

• Could directly affect other transactions if the charge is paid or partially paid