Loan Closing With Write Off Option

This happens when you want to write-off the loan.

1) Go to Loan Master, search for the loan number and set Closing Date and the Status equal to CLOSED.

2) Go to Loan Closing and search for Loan Number - See what is the difference you need to collect in the receipt amount.

3) Set the receipt amount and the difference in the write-off amount.

4) Save the record and check the GL Listing to ensure the amount is correct.