Provisioning Entries
Last updated
Last updated
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.
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.
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
This will launch a new page like the image shown below:
