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Release Payment Standard Accounts Maintenance
To avoid assignment of accounts whenever loan release, loan payment, savings deposit, savings withdrawal, and other loan and savings related transactions, CommonCents has provided a facility that allows the automatic assignment or charging of accounts. Since different institutions use different account and account codes, you need to define first the assignment of accounts for transactions supporting the loan and savings products offered by the institution.
Topics:
Adding a Release and Payments Standard Accounts
Editing a Release and Payments Standard Accounts
Deleting a Release and Payments Standard Accounts