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Penalties Charged Vs Penalties Paid

This window will enable you to generate a report of any penalties charges that were charged on a given loan and at the same time you will be able to find out how much of the penalty was actually paid or received.

Note that before you can be able to view the penalties charged vs penalties paid report:

1. LPF should have been configured to charge and penalize loans under System Configuration/Loan Product Settings/Penalties Settings.

2. Also note that penalties can be configured to be charged automatically under System Configuration/Loan Product Settings/Penalties Settings the select option "Automatically calculate penalties” or “Automatically calculate penalties at logon”

3. Also note that for the loan charges to appear in the report on fees received, ensure that the loan charges are configured under Support files/show more/charge items.

4. You can then be able to enter loan charges and penalties under Loans/Penalties or Charge on a single loan and Loans/Penalties on arrears.

5. You can also be able to view the report on charges or any other fees and commissions under Portfolio Reports/Reports on Repayments/Report on Fees Received and you select the option "Loan charges" or any other charges/fees of your choice.

How to view the Penalties Charged Vs Penalties Paid report

To view the penalties charged vs penalties paid report you go to Loans/Portfolio Reports/Reports on Repayments/Penalties Charged Vs Penalties Paid A screen that looks as follows will appear:

• Report date from: Enter the date on which the penalties charged vs penalties paid report will start, e.g., "01/01/2019" while in the "to" section, enter the date when the report will stop, e.g,. "08/08/2019".

• Report Currency: From the drop down list select the currency in which the report should appear, e.g., "UGX".

Note that Loan Performer offers the flexibility of displaying the report in different currencies.

• Branch Code:  From the drop down box, select the branch for which the penalties charged vs penalties paid report should be generated or tick the For all option to generate the report for all branches.

Select any other required additional options or use the default selections. For additional information on these options you can refer to Portfolio Report Formats.

Click on the OK to generate the penalties charged vs penalties paid report that will look as follows:

Click on the Close button to exit.

Related Topics

Contact LPF live support for more information
This service requires an Internet connection.