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Former Member
Jul 19, 2010 at 06:03 AM

Loan Posting


Hi Gurus,

We are using Transaction Type 200 in TRM for Loan Manaement.Our customer they want to make provision for principal repayment periodically.

Suppose for example the business get loan 24000 for two years. They need to transfer Monthly 1000 to provision and they make payment from there.

While privision the system pass the following entries.:

Dr. Loan Account

Cr. Provision for Current Portion-Loan.

While repaying after six months

Dr. Provision for Current Portion-Loan

Cr. Bank A/c

Kindly guide us.

Thanks and regards.