Loan class code

The class code serves to distinguish different account or contract balances in the General Ledger. You can assign a loan class code to a loan product, which allows for assigning specific General Ledger accounts within the same loan group. For example, loan products for private and corporate clients may be linked to separate General Ledger accounts.

Create loan class code

1. Loans > Settings > Class codes.

2. On the loan class code page, click the New loan class code button.

1. Enter the Loan class code settings:

   • Enter the Loan class code.

   • Enter the Description.

2. Click Create.

Manage loan class code

Once class code is created, you can edit it or delete it by clicking the corresponding buttons.

To edit or delete loan class code:

1. Loans > Settings > Class codes.

   • Click to edit the class code.

   • Click to remove the class code from the list.

Create loan component rule

To assign a specific General Ledger to a loan class code, you can create a loan component rule.

To create a rule, go to:

1. Finance > Settings > Rules configuration.

2. From the content menu, choose Loan module > Loan component rules.

3. On the Loan component rules page > Create rule.

1. Fill in the loan component rule parameters > Submit.