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To create new Loans you can use 3 2 possibilities :
Main Action menu - menu New - Create New LoanFinancing List - menu Process - Create New Loan
Customer menu - from Customes Customers Card - menu Process Home - Create New Loan
Calculation creation wizard
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Legal Form - Defines customers legal form (entrepreneur, non-entrepreneur, legal entityLegal Entity)
Customer - Select from activated customersthe list of customers filtered based on the selected value in the Legal Form field, so that if you select:
Legal Entity, only customers who have set Legal Form = Legal Entity and the contact related type = Company will be displayed
Individual Non-Entrepreneur, only customers who have set Legal Form = Individual Non-Entrepreneur and the contact related type = Company will be displayed
Individual Entrepreneur - only customers who have set Legal Form = Individual Entrepreneur and the contact related type = Company will be displayed.
Sales Person - Used for person created the Loan
Maximal Principal - Maximam Maximum pre-approved Loan Amount
Click to the button Next
Step choose:
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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After changes, click in menu ProcessHome for Complete Calculation to display the changes.
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Complete Calculation button
Complete Calculation button saves changes which were done within financing cardFinancing Card, recalculates the Calculator, brings changes to the Payment Calendar and recalculates the Payment Calendar.
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The Complete Calculation button is available on the Financing List and Financing Card. After pressing Complete Calculation, system perform a control whether there exist updated Abs/Rel values on the contract (in Calculator Lines).
If there exist explicitly added value of rel and abs values, the message is displayed:
“The Calculation function cannot be used because there are absolute or relative parts in the calculation lines. Recalculate the Contract via Calculation Lines.” This prevents absolute and relative values from being resete to default and keeps setup of Abs and Rel values.
If the Abs and Rel values in the calculator lines have not been changed in the contract, system continues to check the status of the contract:
If contract status >= Active, the message is displayed: "The detailed status of contract ... is ... Calculation update cannot be carried out." If Status < Active, the contract is recalculated. If user wants to recalculate active contract, it is possible through Calculator Lines > Finish.
Changes in Calculator Lines
You can modify calculated payment amounts manually via calculation lines (click in menu ProcessHome 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.
If you want to display your changes from calculation lines changes performed in Calculation Lines to the payment calendarPayment Calendar, click on Finish.
To post regurely invoices use:
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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.
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Follow up:
How to create calculation in general
How to create financing product
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