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.