Any penalty can be attached to a single loan using the Penalty for a single loan option. When a penalty is charged, an additional installment on the loan is included as at that particular date.
How to charge Penalties on a Single Loan
To charge penalties on a single loan you go to Loans\Penalty for a single loan and a Which Loan Number? dialog is displayed:
Click on the Next button to continue. (A Penalty to loan ...… dialog is displayed)
Click on the Save command button to complete.
The penalties calculated will be reflected in the Loan Ledger Card for a client and in the Penalties Charged vs Penalties Paid Report.
Click on the Close command button to exit.
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