Waiver Function - Fields Description

At this function, user will come across various fields or columns that needs to be maintained with relevant data.

The descriptions of the respective field or column, are as follows:-

Account Information (Panel)

Please Enter Search Value

This is the value to be used to search for the related account record.

Note: If the value inputted into this field is relating to Account No., Name, or ID No., click once on the related Account No., or Name, or ID No button, accordingly.

Account No.

This is the button to be clicked once, to search and retrieve the relevant account records.

Note: Click once on this button if the value inputted at the 'Please Enter Search Value' field is relating to existing account number.

Name

This is the button to be clicked once, to search and retrieve the relevant account records.

Note: Click once on this button if the value inputted at the 'Please Enter Search Value' field is relating to existing customer names.

ID No.

This is the button to be clicked once, to search and retrieve the relevant account records.

Note: Click once on this button if the value inputted at the 'Please Enter Search Value' field is relating to existing Customer IDs.

  • This panel will pop upon the function screen opened.

  • The purpose of this panel is for user to search for the relevant credit facility account record.
Accounts Search (Pop-Up Window)

Please Enter Search Value

This is the value to be used to search for the related account record.

Note: If the value inputted into this field is relating to Account No., Name, or ID No., click once on the related Account No., or Name, or ID No button, accordingly.

Account No.

This is the button to be clicked once, to search and retrieve the relevant account records.

Note: Click once on this button if the value inputted at the 'Please Enter Search Value' field is relating to existing account number.

Name

This is the button to be clicked once, to search and retrieve the relevant account records.

Note: Click once on this button if the value inputted at the 'Please Enter Search Value' field is relating to existing customer names.

ID No.

This is the button to be clicked once, to search and retrieve the relevant account records.

Note: Click once on this button if the value inputted at the 'Please Enter Search Value' field is relating to existing Customer IDs.

<Accounts Listing> (Sub-Panel)

Account No.(Status)

This is the system generated unique reference number of the respective credit facility account and the related status of the account, e.g., A - Active.

Name

This is the customer name of the main holder of the account.

ID No.

This is the unique identification number of an individual (as in a person).

Reln

This is the code and description of the customer-account relationship.

The options that can be displayed, are as follows:-

  • M - Main Holder

  • G - Guarantor

Product Description.

This is the credit facility’s code and name of the product contained in the account.

  • This window will pop up, after user has clicked once on one of the available search criterion buttons, located at the <Account Information> panel, when there are more than one record found.

  • The purpose of this window is for user to select a relevant account record found.
Account Information (Panel)

Customer Name/ Customer ID.

This is the main holder’s customer name, and the related Customer ID number.

Account No.

This is a system generated credit facility account number.

Product

This is the currency code and product code with the related brief product description of the credit facility account.

Account Info

This is the brief details of the account, of which presently it is the status of the credit facility account, e.g., A - Active.

First Release On

This is the date that first disbursement of the credit facility has been performed on the account.

Tenor

This is the credit financing term of the credit facility, e.g., 108 By Month.

Expiry Date

This is the last date of the facility, and rightfully the last date that full repayment of the facility is to be made.

  • This panel will be displayed, after user has clicked twice on an account record at the Accounts Search pop-up window.

  • The purpose of this panel is for user to view the details of the selected Account record.
Waiver (Panel)

Item Code

This is the code associated with the respective other fee or charges, or advance item, that has been charged to the selected account, e.g., LC - LATE CHARGES, and ADM - ADMIN FEE.

Currency

This is the item’s currency code; the charged currency code.

Note: Presently the item currency is equivalent to the base currency.

Amount Outstanding

This is the outstanding amount (in the item currency) for the selected item code, that is pending for collection from the customer.

Waiver Amount

This is the amount (in the item currency) that is to be waived from the value displayed at the 'Amount Outstanding' field.

Debit GL Code

This is the journal general ledger account to be used to reverse and reduce the respective charge or fee, or 'expense out' the advance item’s outstanding amount, towards waiving portion of the charged amount in the selected credit facility account.

Note:

  • This field will only be displayed, provided the selected item code above is an advance item code.

  • Journal GL accounts can be pre-maintained at the 'Journal GL' function.

  • The related journal currency clearing GL must have been pre-maintained at the 'GL Set (General) Maintenance' function.

  • The related credit facility’s debtor GL account and income GL have been pre-maintain as a GL set (which includes other product GL accounts), at the 'GL Set (Product) Maintenance' function, and tagged to the related product code via the 'Product Maintenance' function.

Reference No.

This is essentially the identifier number of related documents concerning the item amount waived in the selected account.

Remarks

This is additional comments or details related to the waived item amount.