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Credit Related Suspense Accounts in T24

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198 views13 pages

Credit Related Suspense Accounts in T24

Uploaded by

hamdi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Credit Related

Suspense
Accounts in T24
Suspense Accounts & Account No

1. Loan Related Charge Payable(Takeover


account)
Account No - ETB1499900010XXX
2. Improper Loan repayment
Account No - ETB1470000010XXX
3. GL Must be Zero
Account No - ETB1401100010XXX
4. Loan Charge Payable
Account No - ETB1460200010XXX
1. Loan Related Charge Payable
(Takeover Account)
• This account should have zero balance at anytime.
• Predominantly affected when balance maintenance
activity is done by users.
Loan related charge payable at
GL
•Under other short term liabilities, GL line 4887
reports as loan related charge payables.
Accountants should check this balance every
morning and clear by consulting credit performers
at the branch.
2. Improper loan repayment
• Due to utilization of unauthorized T24 windows
especially during loan collection, loan accounts may
show “unspecified credit” balance type.
• When an arrangement holds a balance in “AA
suspense” due to system problems occur in a
specific account.
• The account No of this payable account is ETB14700.
• User should reverse these abnormal balance by
using AA debit Arrangement window and Adjust
suspense balance activity.
Improper loan repayment..
• Check Unspecified credit from arrangement
window.
• User should use AA Debit Arrangement window to
reverse this abnormal repayment.
Improper loan repayment..
• Checking UNCACCOUNT from Contract Detail Balance.
Improper loan repayment..
• Open contract detail balance and check if there is
“AASUSPENSE” balance
Adjust the AA suspense from
New activity
Improper Loan repayment at
GL
• Under other short term liabilities, GL line 4885
reports the sum of Improper loan repayment
balance from loan accounts.
• This balance should be checked and cleared by the
branch accounts on daily basis.
3. GL Must be Zero
• This suspense account shows a balance mostly
during system update and adjustment activity is
done by technical team members at IS dept.
• The account No of this suspense account is
ETB14011.
• Accountants should find the root of the balance in
this account before performing any activity.
4. Loan Charge Payable
• Loan charges like insurance, court fee, revenue
stamp and the like may be added in loan accounts
when the customer fails to pay.
• Loan related charge account (ETB14602) will be
affected during this time.
• Users should clear this account by transferring the
money from this account to the beneficiary directly
on time.

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