Navigation:  GOLD Services Screens > General Ledger Screen Group > GL Account By Loan Type Screen > Collection Fee

Entry: System, numeric

F/M: No

Mnemonic: N/A

Screen: Loans > System Setup Screen > G/L Account By Loan Type screen

 

Normally an income statement account, this G/L account is used during the Agency Payment transaction (tran code 2600-10) to record the fee charged by a third party for receiving a payment. The system will post a G/L Credit Correction (1810 Tran Code) by Journal In, Check In, or Cash In to debit this G/L account for the amount entered by the teller in the Collection Fee field.