Provisioning Entries
Provisioning Entries
From the main screen, click on Accounting. This will launch the Accounting menu as shown below, from the menu Select Provisioning entries.
Note: You should have created provisioning criteria and once a loan falls under arrears, provisioning entries will work.
Create Provisioning Entries
System generated - Once the provisioning criteria is created on the loan areas depending upon the criteria set, then provisioning entries will be created automatically. A scheduler job "Generate loan loss provisioning" will execute this process.
Creating Manually - Click on the blue Create provisioning entries button at the top-right of the screen.
Take note that this field is mandatory as it has an asterisk(*)
Complete the required fields:
a. Select Date.
b. Optional field - Check the check box for Create Journal Entries.
c. Click on Submit button.
View provisioning entry
Complete the required fields:
a. Created By - Provide details of created by .
b. Created On - Provide date of creation .
c. Journal Entry Created - Check box confirms journal entry created.
d. View Report - Click on view button to view report.
e. Recreate Provisioning - Click on recreate button to recreate provisioning.
f. View Journal Entries - Click on view button to view journal entries.
g. Click on Submit button.
View Journal entry
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