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Find calculated penalties

The penalty calculation rules applied to the loan product enable penalty calculations for the loan contracts in the OVERDUE state. You can find the calculated penalties and related details in the following two places:

Find penalties from invoices

Find invoice

You can search the invoices using the BackOffice interface:

Loans > Search > Invoices.
Fill in the search parameters > Search.
Click the Invoice ID to access the invoice information.

You can use the Debt status filter with the value Overdue when searching for invoices that include calculated penalties.

The loan contract invoice detail form includes the following details:

Penalty grace days and grace amount,
Debt status,
Penalty calculated on each overdue invoice line,
Total receivable calculated.

The Calculated penalty row represents the amount of penalty calculated on the debt of this invoice. It does not indicate if the penalty is repaid, invoiced or decreased manually. It shows how much of the penalty is calculated for this overdue invoice. You can find the remaining penalty balance in the contract details from the components block.

Find penalty details

Click on the Calculated penalty value to find more information about the penalty calculation details.

Find penalties from contracts

Find contract

To find loan contracts:

Loans > Search > Contracts.
Fill in search parameters > Search.
Click the Contract number to access the loan contract details.

The loan contract details form has a Repayment status field that indicates if the contract has any invoices DUE or OVERDUE. Also, there is a parameter - Days past due (DPD) showing the number of days from the the due date of the oldest overdue receivable until current banking date.

The repayment OVERDUE status is displayed in red to highlight it.