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.
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:
- Click Setup
- Go to Product
- Go to Product Management
- Click View / Edit Loan Products
- Select the required product
- Click Regenerate Accounting Rules.
- Click OK to save the changes.
A message is displayed, confirming that the accounting rule for this particular product is regenerated.