Navigation: There are 2 different ways to reach the View Savings page
- Borrowers >> View Borrowers >> Savings
- Savings >> View Savings Accounts >> View/Modify
Description: View savings account of the borrower.
You can see the Savings Account details of the borrower above.
Account #
Account number of the savings account.
Product
Savings product that is associated with the savings account. You can create savings product by visiting Admin >> Savings Products.
- Minimum Balance
- Interest Rate Per Annum
- Interest Posting Frequency
For more information on the above fields and how to edit them, please visit View Savings Products.
Current Balance
Current balance of the savings account.
Actions
Add Transaction - Add transaction for the savings account.
Print - Print statement for the savings account. You can give this to the borrower when he/she comes into your branch.
Edit
Edit the savings account. You can use this to change the savings product.
Delete
You can view transactions associated with the savings account above.
Date
Date and time of transaction.
Transaction
Type of transaction such as Deposit or Withdrawal.
Description
Description of the transaction if any.
Debit
If transaction is a debit from the savings account.
Credit
If transaction is a credit from the savings account.
Balance
Balance after transaction.
Staff
The staff that entered the transaction in the system
Edit
Edit the transaction.
Delete
Delete the transaction.
Please note that you can not edit or delete transactions below a System Generated Interest row (seen in above picture).
If the savings product has an interest rate, the system will automatically calculate and add interest to the savings account (as shown above). Hence, you can not delete transactions that have been used in this calculation otherwise it would make the System Generated Interest amount inaccurate.
If you would like to edit or delete the transactions, you must first delete the System Generated Interest row.