Accruals Tab
IMPROVED
The Problem
For a long term loan with a floating interest rate it can be very challenging to understand why the interest payment is different across the payment periods. It can become a difficult lift on the accounting team to unravel the history of the Loan and understand what series of events led it to the state it is now in.
The Solution
We've got you covered here! Our Accruals tab will provide exactly the data your accounting team is looking for to make sure they have a clear understanding of all accruals across all the payments periods of a Loan. From first sight!
The tab displays:
Main table: Obligation name and total accrued amount
Detailed history per obligation: Period number, start/end dates, basis, yearly rate, days, day count method, and accrual amount for each period
The How
SDK Perspective
Accruals tab is configured through the SDK. The SDK defines which obligations are tracked and how accruals are calculated.
Admin Panel Perspective
After the Accruals Tab is configured in the SDK, the system admin assigns permissions to relevant Roles to allow Users to review the Accruals tab.
⚠️ Important: The Accruals tab is view-only. All accruals are calculated automatically by the system according to SDK configuration.
Related Documentation
SDK
https://documentation.timvero.com/#credit-accruals-tab-integration
Developer integration guide
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