Variable Loan Unearned Fees Report
Purpose
To show the amount of fees earned in the current month for IFRS purposes
Timing
This report may be run at any time
It should always be run at month end if IFRS reporting is required
Access
- Variable Loan | Print Variable Loan Unearned Fees Report
Report
Unearned Fees Report Output
Related Articles
IFRS Variable Loans
Purpose The Variable Loan System will allow the spreading of fees for each loan. This can only be done on a straight line basis. The Variable Loan Unearned Fees Report will detail how fees will be spread. The Variable Loan System month end reset ...
IFRS Leases
Purpose The spreading of commission and fees for each lease can be done on either a straight line or actuarial basis If the Unearned Interest method selected on the lease account type is No Deferral, then the commission and fee spread will be ...
Variable Loan Account Type Setup
Purpose Account Types are to differentiate the types of Variable Loans provided. Examples may be: Interest only compounding Interest only repayable Principal and interest Or the distinction may be by product offering: Revolving Credit Mortgage ...
Adding Variation Fees to a Variable Loan
Purpose Additional fees may need to be added to a Variable Loan if further advances are made, or the loan term is extended Access Variable Loan Account Browse | | Process Note: If you don't use the dialog for advancing funds, then process can be ...
Variable Loan Account Status Report
Purpose This report provides a snapshot of the Variable Loans Accounts within the selected parameters. It can be run in detail to provide an account by account overview or in summary It includes details such as: Account Balance Current (Arrears and ...