Loans > Settings > Class codes.
On the loan class code page, click the New loan class code button.
Enter the Loan class code settings:
Enter the Loan class code.
Enter the Description.
Click Create.
Once class code is created, you can edit it or delete it by clicking the corresponding buttons.
To edit or delete loan class code:
Loans > Settings > Class codes.
You can delete a class code only if it is not assigned to any loan product.
To assign a specific General Ledger to a loan class code, you can create a loan component rule.
To create a rule, go to:
Finance > Settings > Rules configuration.
From the content menu, choose Loan module > Loan component rules.
On the Loan component rules page > Create rule.
The class code serves to distinguish different account or contract balances in the General Ledger. You can 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.
Click to edit the class code.
Click to remove the class code from the list.
Fill in the > Submit.
Loan group
Text/ number
Enter the loan group name.
Component type*
List
Select the loan component type. The available options:
FEE,
INTEREST,
LIMIT,
PENALTY,
PRI.
GL account rule code*
List
Select the GL account rule code. The available options:
getLoanBalanceAccount,
getLoanClaimAccount,
getLoanDeferredFeeAccount,
getLoanIncomeAccount.
Validity start date*
Date
Select the validity start date.
Loan class code
Text/ number
Enter the name of the loan class code. See more about the .
Component code*
List
Select the component:
ADM,
BILLING_ADMINISTRATION_FEE,
CERTIFICATE_FEE,
CHANGE_FEE,
COF,
DISBURSEMENT_FEE,
DOCUMENT_COPY_FEE,
DSA_FEE,
DUE_DATE_CHANGE_FEE,
PAYMENT_HOLIDAY_FEE,
PREMATURE_REPAYMENT_FEE,
REMINDER_FEE,
TERMINATION_FEE,
TOPUP_FEE,
ALIM_INT,
INT,
ADM_P,
ALIM_INT_P,
BILLING_ADMINISTRATION_FEE_P,
CERTIFICATE_FEE_P,
CHANGE_FEE_P,
COF_P,
DISBURSEMENT_FEE_P,
DOCUMENT_COPY_FEE_P,
DSA_FEE_P,
DUE_DATE_CHANGE_FEE_P,
INT_P,
PAYMENT_HOLIDAY_FEE_P,
PREMATURE_REPAYMENT_FEE_P,
PRI_P,
REMINDER_FEE_P,
TERMINATION_FEE_P,
TOP_UP_FEE_P,
PRI.
GL account*
List
Select the relevant GL account.
