Posting setup in OC Financial Leasing App
- Petra Jankovicova
- Molitorisová Marianna
It is necessary to set up the postings to G/L accounts where Loan repayments (Principal, Interest, Services, Insurance) should be posted. The selected account will be result of the Gen.Bus Posting Group a Gen.Prod. Posting Group combination. The combination could be time limited.
The posting groups are defined in Financing product card and can be edited in calculation status in Financing Contract Card or Financing product card. It means that every loan could be posted to different G/L accounts according to filled Posting groups in Financing Contract Card.
Check the Example of the Posting Setup bellow.
Posting Groups
The posting groups map entities such as customers, vendors, items, resources, and sales and purchase documents to general ledger accounts. It saves time and helps avoid mistakes when you post transactions. The transaction values go to the accounts specified in the posting group for that particular entity. The only requirement is that you have a chart of accounts. More details here.
Example Posting Setup
OneCore posting setup diferent postings till 31.10.2022 and from 1.11.2022 for selected posting groups:
Selected posting groups in the contract:
Posting contract repayment till 31.10.2022:
Posting contract repayment from 1.11.2022:
Follow up:
How to create reminder in general
How to create reminder in detail
How to do basic setup of OneCore Financial Leasing App