FreeBalance Accountability Suite
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Overview
This entity stores the distinct type of Loans.
Navigation
General Ledger ► Sub Ledgers ► Loan/Advance Register ► Loan Type
Loan Type Screen Fields
Fields | Description |
Code | Unique identifier. |
Active | Indicates if the loan type is “active” for registry of cases True = Active, False = Inactive. |
Is Default Loan Type? | Indicates if the case type is the default type when creating a new instrument type entry. |
Number Of Repayments | The total number of repayments for the actual type of loan |
Deduction | Related deduction code for those employees on the payroll. |
Calculation Method | Equal instalment (Default) |
Language | Country specific language |
Name | Abbreviation of the loan type name. |
Description | Full description of the loan type. |
Principal Account | System will list the sub-ledgers with status Active = True and of type = 'Loan Register'. |
Interest Account | System will list the sub-ledgers with status Active = True and of type = 'Loan Register'. |
Others Account | System will list the sub-ledgers with status Active = True and of type = 'Loan Register'. |