Maintain Loan Details

This page allows you to create a loan agreement and modify load agreement generated from “Settle Supplier Liability by Availing Loan” and “Supplier Payments By Availing Loan-in the supplier payment”.

Select the “Maintain Loan Account Details” link under the “Asset Financing” business component.

The “Maintain Loan Account Details” page appears.

- Clicking this icon available near certain fields takes you to the help page of the respective field.

Enter the following fields in the Loan Details:

Loan Agreement No	The unique number identifying loan agreement.
*Description*	The description of the loan agreement.
Status	The status of the loan agreement.
*Sanction Date*	The date of sanction of loan agreement.
Loan Type	Use the drop down list box to select the type of loan. The combo would be loaded with values defined for parameter category – “Asset Financing Loan Type” in Maintain Entity Details activity.
Numbering Type	Use the drop down list box to select the numbering type for generation of loan agreement number. The combo would be loaded with all the numbering types defined for the transaction type “Asset Financing Loan”.
Loan Party Type	Use the drop down list box to select the type of loan party. The combo would be loaded with "Other Parties".
Party Code	The code identifying the party.
Party Name	The name of the party
Interest ID	The code identifying the interest id.
Remarks	Any observations pertaining to the loan.
Processing Charges	The amount of processing charges.

Enter the following fields in the Receipt Details:

Finance Book	Use the drop down list box to select the code identifying the finance book in which the posting is to be made. The combo would be loaded with finance books mapped to the login organization unit and login user.
Currency	Use the drop down list box to select the code identifying the currency in which loan amount is to be received. The combo would be loaded with all the currencies mapped to the login company.
Exchange Rate	The number of units of the base currency with respect to the currency in which the loan is received, if they are different. If loan currency is same as base currency of the company the system displays “1” by default on launch of page.
Loan Amount	The amount of loan.
Receipt Method	Use the drop down list box to select the method in which loan is received. The combo would be loaded with Regular.
Receipt Route	Use the drop down list box to select the route in which loan is received. The combo would be loaded with “Bank” and “Cash”.
Receipt Mode	Use the drop down list box to select the mode in which the loan is received.
Bank Cash Code	Use the drop down list box to select the code Identifying the bank and cash accounts. The combo would be loaded with all the Bank/cash codes defined in the Create Bank/ Cash Details activity.
Bank Cash Description	The description of selected bank/cash code.
Loan Account	The code identifying the account that is defined for the loan.
Sundry Receipt No.	The unique no. identifying the sundry receipt for loan receipt.
Receipt Numbering Type	Use the drop down list box to select the Numbering types, excluding Manual, defined for Transaction "Sundry Receipt” and Defaulted with default numbering type.

Enter the following fields in the Instrument Information:

Instrument No.	The number identifying the instrument.
MICR No.	Indicates the magnetic instrument clearing number available on the check, demand draft or pay order.
Instrument Date	The date on which instrument is raised
Bank Code	The code identifying the bank that has issued the instrument.
Instrument Type	Use the drop down list box to select the type of instrument. The combo would be loaded with “At Par”, “Local” and “Outstation”.

Enter the following fields in the Project Information:

Project/Sub Project OU	Use the drop down list box to select the organization unit in which project code has been created. The combo would be loaded with the OUs to which “Project Definition” business component mapping exists.
Project/Sub Project Code	The project/ sub project code to which transactions are to be which transactions are to be attached. This code should have been defined in the “Project Definition” business component and the status of the code should be either “Approved”or “Revised”.
Project/Sub Project Description	The description of the project/sub-project.

The system displays the following in the Payment Receipt Information multiline:

Pay Batch No.	The unique number identifying batch of payments that is created for making payments to the supplier.
Supplier Payment Voucher Number	The unique number identifying payment voucher.
Voucher OU	The OU in which voucher is generated.
Sundry Receipt Number	The unique no. identifying the sundry receipt for loan receipt.
Receipt OU	The ou in which receipt is generated.

Note : The Payment Receipt Information section would be visible on enter of loan agreement no. that is auto-generated from supplier payment.

Click on the “Save” pushbutton to save the loan agreement details.
Click on the “Authorize” pushbutton to authorize the loan agreement details.
Click on the “Delete” pushbutton to delete the loan agreement details.
Click on the “Reverse” pushbutton to reverse the loan agreement details.
Select the “Maintain Asset Mapping” link to map assets to loan agreement.
Select the “View Loan Details” link to view the loan details.
Select the “Accounting Information” link to view the account postings.
Select the “Attach Notes” link to add comments and observations and attach documents.
Select the “Collaborate” link to record or view the observations or comments or discussions regarding the documents.
The system displays the following in the Data History:

Created By	The login ID of the user who saved the loan agreement details.
Created Date	The date on which the loan agreement was created.
Modified By	The login ID of the user who modified the loan agreement details.
Modified Date	The date on which the loan agreement details was modified.