Navigation:  Loan Screens > Account Information Screen Group > Precomputed Loans Screen > Amortization of Interest to G/L field group > Ignore Rule Days

Entry: User, checkbox

F/M: Yes

Mnemonic: LN78IR

Screen: Loans > Account Information > Precomputed Loans screen

 

This field allows you to mark accounts that will ignore the Rebate Rule Days when amortizing to the General Ledger.

 

For example, if the account is opened on the 16th of the month, and the Rebate Rule Days field is set to “15” and this field is checked, the system will amortize to the G/L the first month the account is opened, not the following month.

 

The default for this field is a blank box.