Loan Transaction

Loan Transaction

View Loan Transactions

1. Overview

This screen provides a comprehensive list of every financial transaction recorded against a specific loan. It serves as a complete financial history or ledger for the loan, showing all debits and credits, including payments, fees, and interest charges.

Navigation: Client Administration > Search for Existing Client > Select the client > Loans > Highlight the specific loan > Loan Transaction

2. Understanding Transaction Dates and Calculations

It is important to understand how transactions, particularly interest and fees, are dated and calculated:

Interest and Fee Calculation: Interest and fees are typically calculated and posted during the month-end process or upon the final payment of the loan.
Transaction Date: This is the date the transaction was recorded in the General Ledger. It reflects when the entry was made.
Effective Date: This is the date the transaction is effective for calculation purposes. For example, interest is calculated based on this date, ensuring it is allocated to the correct financial period, regardless of when the month-end process was run.

3. Transaction Columns

The following columns provide details for each transaction:

Column	Description
Transaction Date	The date the transaction was recorded on the system.
Effective Date	The date the transaction actually took place and is used for interest calculation.
Description	A brief description of the transaction (e.g., "Loan Receipt," "Interest Charged").
Amount	The value of the transaction. Positive amounts represent debits (increasing the amount owed), and negative amounts represent credits (decreasing the amount owed).
Batch Code	A unique code that groups the debit and credit sides of a transaction together. The sum of all entries within a single batch code is always zero.
Event Number	The unique identification number of the financial event used to process the transaction in the General Ledger .

4. Sorting and Viewing Options

Use the tabs at the top of the transaction list to change the sort order.

Tab / Button	Action
Sort on Effective Date	Sorts the transaction list chronologically by the Effective Date.
Sort on Transaction Date	Sorts the transaction list chronologically by the Transaction Date.
Transaction Date Descending	Sorts the transaction list by Transaction Date from most recent to oldest.
Archive	Click this button to view the transaction history related to an opening balance from archived or converted data .

5. Navigation

Button	Action
Back	Returns you to the previous screen.

MAXMONEY Developed by MYCOMAX MICROFINANCE SOLUTIONS. Novamesh 18/06/2026