This chapter describes the process of calculation creation in detail, for general overview and short process please follow
How to create calculation in general.
Calculation creation
To create new Loans you can use 3 possibilities :
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Financing Product Code - Loan type with predefined default Financing paramaters as Validation, Series No, Calculation parameters(Calendar Month, Calculation method, Financing period, Rates, Fees) or Invoicing (Posting Groups, Payment Terms). For more information please see How To Create Financing Product.
Payment Due Date
Part Payment Period - Finnancing period - Month, Quarter, Half Year, Year
Principal Amount
Initial Fees - Fees for Issuying the Loan - separate invoice is automatically issued after the loan is approved
Service per Financing Period - Service amount is calculated in Payment Calendar
Insurance per Financing Period - Insurance amount is calculated in Payment Calendar
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Gen. Bus. Posting Group and Gen. Prod. Posting Group - the system post regular invoices according to these selected posting groups.
After changes, click in menu Process for Calculation to display the changes.
Note: Calculation button saves changes which were done within financing card, recalculates the Calculator, brings changes to the Payment Calendar and recalculates the Payment Calendar.
You can do changes also in calculation lines (click in menu Process for Calculation Lines ). Please note that after the changes there, you need to click on Update to recalculate the lines so you can see the effect of your changes. This button only display changes in calculation lines so you can use it as a playground and simulation.
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Manually - for separately posting - use menu Process - Payment Calendar and click to the button Post. You can not skip the payments to be posted. It must be posted consecutively.
Massive - To post all invoices for Loans filtred by selected parameters - use Action menu Processing - Finance Payment Posting - Posting in main system page.
Follow up:
How to create calculation in general