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Table of Contents (Online Help)

 

Enter Standing Orders

Before entering any standing order for a client, you need to check the standing order settings at System->Configuration->Savings->Savings Accounts Settings. These settings indicate how much you will charge for the invocation, amendment, execution or penalty charges related to the standing order.

In Loan Performer you can invoke or amend standing orders and subsequently levy charges or penalty for the invocation or amendment.

How to enter a Standing Order

To enter a standing order you go to Savings->Standing Orders->Enter Standing Orders. A screen will appear looking as follows:

Note that the Client Code and Name fields will automatically be populated for the selected account.

  1. Option one: If the receiving client is an existing client, select from the Individual/Group/Business client sections.

2. Option two: If the receiving client is not an existing client, select the None radio button option. The fields for account holder, bank name, bank account and branch will appear. This means a cheque will be issued to this third party client after filling in the bank details of the beneficiary as seen below:

The Loan Performer will automatically calculate and add VAT to the charges, if VAT has been defined,to give a VAT inclusive figure.

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