GOLD Services Screens > General Ledger Screen Group > GL Account By Loan Type Screen

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 Loan Retraction (tran code 2800-01) and Loan Reinstatement (tran code 2800-00) transactions to write off any checks from funding that the institution is willing to forgive. An example would be a fee check issued and mailed to the Department of Motor Vehicles that the institution chooses to write off instead of having the customer pay for it.

This G/L is used to post the following transactions when the teller inputs an amount in the GTPC Checks Expensed field on either the Retraction or Reinstatement transaction:

1.Performs a G/L Credit (tran code 1810) to the Loan Retraction/Reinstatement account by Journal In.

2.Then performs a G/L Debit (tran code 1800) by Journal Out to the GTPC Checks Expensed account.