Regenerate Accounting Rules

  • Updated

Regenerate Accounting Rules

Accounting Rules are GAAP (Generally Accepted Accounting Principles) used globally. This is used to prepare, present and report financial statements for a wide variety of publicly traded, privately held companies and government authorities, with the FASB (Financial Accounting Standards Board) establishing rules for public and private companies and non-profit organizations. 

Note:

Accounting Rules are regenerated for the purpose of trouble-shooting.

Functions 

Following are the functions of Regenerate Accounting Rules:

  • Accounting Rules are regenerated for the relevant Loan Product or  Fee.

  • Accounting Rules are created only for those branches to which the Loan Product or Fee is assigned.

Steps

Following are the step-by-step instructions to regenerate Accounting Rules:

  1. Click Setup

  2. Go to Product

  3. Go to Product Management

  4. Click View / Edit Loan Products

  5. Select the required product

  6. Click Regenerate Accounting Rules.

  7. Click OK to save the changes.

Note:

A message is displayed, confirming that the accounting rule for this particular product is regenerated.

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