This guide explains how to complete the "NCR Detailed Budget" form, which is designed to meet the requirements of the National Credit Act's Affordability Assessment Guidelines.

Part 1: Read-Only (Display) Information

The first three sections of the budget form are automatically populated with existing information for your reference.

1. The Credit Provider

This section displays your company's information.

• Source: The data is retrieved from your company's setup at Setup > General and Setup > Branches > Edit Branch.

2. The Borrower

This section displays the client's personal information.

• Source: The data is retrieved from the client's profile under the "General" and "Address" tabs.

3. Consumer Declaration

This section contains the declaration that the client will sign once the budget assessment is complete. The client's address is automatically displayed here.

Part 2: Monthly Income and Expenses (User Input)

The following sections require you to manually enter the client's financial details.

4. Gross Income (A)

Enter all sources of income the client receives. This information is not populated automatically.

• Calculation Method: You can calculate affordability using either the income from a single month or by taking the average income over three months.
• Zero Income: If the client has no income, you must provide a reason in the designated field.
• Average: If you enter income for more than one month, the system will automatically use the average for its calculations.

5. Payslip Deductions (B)

Enter all deductions that appear on the client's payslip (e.g., tax, UIF, pension).

• Calculation Method: You can use a single month's deductions or a three-month average.
• Important Rule: If you use a three-month average for Gross Income, you must also use a three-month average for Payslip Deductions.
• Zero Deductions: If there are no payslip deductions, you must provide a reason in the designated field.

6. Living Expenses (C)

For each category below, enter the client's estimated monthly expense. If a category is zero, you must provide a reason or select the living arrangement from the options provided.

• 6.1 Housing: Rent, bond payments, levies.
• 6.2 Transport: Fuel, public transport fares, vehicle maintenance.
• 6.3 Groceries: Food and household supplies.
• 6.4 Education: School fees, uniforms, textbooks.
• 6.5 Medical: Medical aid, pharmacy costs, doctor visits.
  • Note: If medical aid is already deducted on the payslip, do not enter the amount again here. Instead, indicate "Provided by Employer" and enter the name of the provider.
• 6.6 Water and Electricity: Municipal utility bills.
• 6.7 Maintenance: Upkeep of home or property.
• 6.8 Domestic: Domestic worker wages.
• 6.9 Entertainment: Recreational spending.
• 6.10 Family/Pocket: Family support, allowances, pocket money.
• 6.11 Security: Alarm system, armed response fees.
• 6.12 Telephone: Landline, cellphone contracts, data.
• 6.13 Insurance: Household, vehicle, or other short-term insurance.
• 6.14 Assurance: Life assurance or funeral policies.
• 6.15 Pension & Risk Benefits: Additional pension or risk benefit contributions not on the payslip.
• 6.16 Other: Any other regular living expenses not listed above.

7. Existing Debt Obligations (E)

Enter all of the client's current monthly debt repayments.

• 7.1 Micro and other loans: Repayments on any other micro-loans.
• 7.2 Current Loan Payments Due: Repayments due on existing loans with your company.
• 7.3 Recurring Payments: Store accounts, credit cards, or other recurring debt payments.
• 7.4 Other controversial: Any other debt obligations.

Part 3: Understanding the Calculations

The system automatically calculates the following totals based on your input:

• Total Living Expenses [C]: The system first calculates the "Minimum Living Expenses" based on NCR Table 1. It then compares this to the total expenses you entered and uses whichever of the two amounts is higher.
• Nett Income [D]: Calculated as: Total Gross Income (A) - Total Payslip Deductions (B) - Total Living Expenses (C)
• Total Debt Obligations [E]: The sum of all debt obligations you entered.
• Discretionary Income [F]: Calculated as: Nett Income (D) - Total Debt Obligations (E). This is the final amount available for affordability calculations.

Action Buttons

• Close: Returns you to the previous screen without saving any changes.
• Save: Saves the details you have entered. The screen remains open.
• Save & Close: Saves the details you have entered and returns you to the previous screen.
• Print Budget : Generates a printable report of the completed budget for the client to review and sign.