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Business Savings Details

This page allow a Loan Performer user to access the Business Savings Details page.

How to access the Business Savings Details page.

To access the Business Savings Details page go to Clients/ Business clients/Business Savings Details and the following screen appear:

On this page you can view the details of the existing client's business savings Details.

N.B:
1. The entry of the business client's savings transactions in the Savings module of Loan Performer is only possible after you have opened up a savings account for this business client under Savings/Open Savings Account.

2. Also ensure that you have to enter the savings products offered by your organization to the clients at the menu System/Configuration/Products and define their settings in the System/Configuration/Savings .

Before you start opening savings accounts, you have to enter the savings products offered by your organization to the clients at the menu System/Configuration/Products and define their settings in the System/Configuration/Savings .

• Opening date: The date the client opened the savings account for the particular product will be displayed here when the savings product lighted. It is a read only field.
• Default Savings Product?: If the check-box for this option is activated then this product will be the first option at the entry of the "Deposit" or "Withdrawal" in the Savings module.This feature may help to speed up the data entry in organizations where most of the savings transactions are done in one particular product.
• No Withdrawals Allowed?: Activating this check-box will disallow withdrawals and transfers from the savings account for the specified product.
• Account on Hold?: You will temporarily deactivate the account by marking this check-box. No transactions are possible for the account while it is on hold. Removing the checkmark reverses the option.
• Maximum Negative Balance is: This option only becomes available when in the menu Configuration/Savings you de-activate the option "Overdraft protection?", therefore allowing overdrafts for clients. Here you can indicate the maximum allowable amount of overdraft. Every time at entering savings withdrawals Loan Performer will be performing a check on the negative balances.
• Overdraft clearance date: This option also becomes available only when you de-activate the option Overdraft protection? in the menu Configuration/Savings, therefore allowing overdrafts for clients. Here you enter the last date when the overdraft should be cleared.

• Signatures Needed for Withdrawals. Indicate here the number of signatures needed to make a withdrawal from the joint savings account. The number of signatures is displayed on the "General Account Information" page at the entry of the "Deposit" or "Withdrawal" in the Savings module. At this point you can crosscheck if the documents, authorizing withdrawal, have the right signatures.
• ATM Card number: This field is read only, the ATM card number will automatically appear in this field. This number should have been entered under Savings/Open Savings Account but cards are created under Savings/Credit and debit cards.
• Total approved credit for savings and loans: This option allows a user to set Overdrafts for clients by entering the maximum negative amount a client can withdraw from their savings accounts e.g. "600,000". For it to become functional, you need to de-activate the option "Overdraft protection?", under the menu Configuration/Savings/Savings Accounts Settings. Here you can indicate the maximum allowable amount of overdraft. Every time at entering savings withdrawals Loan Performer will be performing a check on the negative balances.
• Credit facility approval date: Here you enter the last date when the overdraft should be cleared.
• Restrict balance to approved amount: When this option is ticked, then credit given can only be less than the one approved above.
• Save: If you have made any changes you can now click the Save button to save the changes. You will only be able to make and save changes only after you have unlocked client information under the menu Clients/Unlock client information
• Print statement: Click on this button to view the savers statement of the client. This statement will have the details of the transactions to-date.

• To Delete an account: To delete an existing account you have to highlight it on the list under "Savings accounts settings" the details will be displayed, you can modify them or even delete the account.

• Please note that information in the table on the right side of the page is automatically updated by Loan Performer at the entry of savings transactions in the Savings module and is not modifiable at this page.

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