These are adjustments done to a customer's income that will either increase or reduce his loaning ability during loan appraisal.
Examples of income are : house allowance ,medical allowance etc., while deductions are: share capital, loan repayments, etc.
To access this module: Credit Management -> Setup -> Income Adjustments
The following screen will open up:
To create an Income Adjustment click on the Add New button to open the following screen:
On the above screen:
Name - Type in the appropriate name of the adjustment being created.
Type - Select the correct type of adjustment from the drop down as either allowance or deduction.
Click on the create button to save the information into the system.
On successful completion you will get a pop up message confirming that the operation was successful.
Locking/ Unlocking Income Adjustments.
Locking an income adjustment means its not available for use in any of the loaning processes.
Click on the check box right before the CREATE Button or the UPDATE Button:
Refer to the figure below:
In reference to the figure above:
a) To lock an income adjustment check (tick mark) by clicking on the check box (as circled above)
b) To unlock an income adjustment , remove the tick mark by clicking on the check box (the one circled)
When done click on the CREATE or UPDATE Buttons appropriately