It's possible to do basic setup of Loans App in section OneCore Setup. In OneCore Setup you manage the basic conditions and terms such as posting, guarantee types, contract documents, branches, contract transfer reasons, sale codes, numbering, non-working days, public holidays and withdrawal slips.
The setup could be done by the wizard or manually from Setup menu.
There are 2 parts of OneCore Setup - From the upper menu section and card sections.
OneCore setup upper menu section
OneCore Posting Setup
The posting setting is described here.
Guarantee types
The list of Guarantee types used in financing contract. All guarantees which are set up in this section, you can choose during the process of the loan creating. New types are added by button New.
Contract Documents
It is possible to set up the workflow process according to which document from which customer (Legal Entity, Individual Non-Entrepreneur, Individual Entrepreneur) and in which contract status is needed to approve the contract.
Branches
The list of Internal or External branches of your company.
General Terms and Conditions
Specifies general terms and conditions of the Loans.
Contract Transfer Reasons
The contract could be transfered from different reasons (as insolvency, takeover, death,..). There is the list of these reasons. The new one could be added by the button New.
Standard Sale Codes OneCore
OneCore setup card section
General
Contract Dimension Code - to set up Dimension in financing contract e.g. CONTRACT
Default Offer Validity Period - how long is the offer valid
Initial Fee Payment Terms - Default Payment Term for the Initial Fee Invoice
Initial Fee Standard OneCore Sales Code - Default Sales Code for the Initial Fee Invoice
Numbering
The numbering of Contracts allows you to use default values or change the numbers codes in Calculation status and Guarantees for contract.
It is done in "No. Series List" table where you can create new series number for documents by button New.
It is neccesary to set up by making the selection active if the numbering of documents (No. Series) would be done automatically by the system - Default Nos. or manually Manual Nos..
Starting No. - it is used for first document number. If the numbering is "Default Nos" the system will automatically increments the document number by one.
Ending No. - if it is filled the system notifies you of the ending series.
Contract Transfer
It is possible to define Transfer Fee Payment Term and Transfer Fee Standard OneCore Sales Code in case of Contract Transfer.
For more information follow How to work with contract changes.
Non-working days
The system offers you the possibility to setup:
working and non-working days
all public holidays
to calculate Due Date in Payment calendar as first working day after standard calculated Due Date according to the Contract payment term. To set up non-working days, put button on. To set up holidays, choose exact day from the calendar and write short description (as 1/1/2022 - New Year)
For more information follow How to set up working days, public holiday.
Posting
Allow Non-Standard Posting - if turned on, the control of total amount of loan is turn off
Payment Terms Source for Individual Invoices - the possibility to choose whether the individual invoice reflects a payment term from the customer or from the contract
Posting Cancellation
In this part define the Custom Charge Statement text which will appear on the credit memo.
This text will then appear on the posted credit memos automatically.
Closing
Reporting
Here you can choose which reports you want to save in the attachment table on a specific contract.
Withdrawal Slip
For posting drawing of the Loan, the Credit memo feature is used. It must be filled "General Journal Template", "General Journal Batch" and "Temp Receivable Account" as G/L account for clearing.
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