U04 End of Period
U0455 Loan Accrual
| EOP Only | Yes |
| Frequency | Monthly |
| Sequential Updates | No |
| Skip Notes | See comments below |
For more information about End of Period,
refer to U04 End of Period Overview.
This EOP process works in conjunction with U0211 Loan.
This module amortizes to the End of Month all existing underlying loans on file, calculating the monthly income amount and storing it on file. It also reduces the principal outstanding balance of the loan.
All loan accruals are memo and informational changes only. No General Ledger accounts are changed by the loan accrual.
Refer to U0211 Loan for more information on underlying loans.
Skip Notes: If this module is skipped, loan outstanding balances and calculated interest amounts are not updated for the current month. Therefore, the Loan reports will show outdated information. However, the next End of Month Loan Accrual will bring all accruals current.
Reference Guide |
Table of Contents
© 2025 NETSOL Technologies. All rights reserved.
The information contained in this document is the sole property of NETSOL Technologies, Inc. Use of the information contained herein is restricted. Conditions of use are subject to change without notice. NETSOL Technologies, Inc. assumes no liability for any inaccuracy that may appear in this document nor does it have the obligation to update any of the information contained herein; the contents of this document do not constitute a promise or warranty. The software described in this document is furnished under license and may be used or copied only in accordance with the terms of said license. Unauthorized use, alteration, or reproduction of this document without the written consent of NETSOL Technologies, Inc. is prohibited.
The information contained in this document is the sole property of NETSOL Technologies, Inc. Use of the information contained herein is restricted. Conditions of use are subject to change without notice. NETSOL Technologies, Inc. assumes no liability for any inaccuracy that may appear in this document nor does it have the obligation to update any of the information contained herein; the contents of this document do not constitute a promise or warranty. The software described in this document is furnished under license and may be used or copied only in accordance with the terms of said license. Unauthorized use, alteration, or reproduction of this document without the written consent of NETSOL Technologies, Inc. is prohibited.