The "Single Click Receipt" function allows for the quick and efficient recording of a payment received from a client for a specific loan. This feature streamlines the receipting process, enabling users to promptly update loan balances.

2. Prerequisites

Before using the Single Click Receipt function, ensure the following conditions are met:

• The loan must be in an Active state.
• The loan must have an outstanding balance.

3. Setup (For Administrators)

To enable this functionality for a specific user role, an administrator must perform the following steps:

1. Navigate to Setups > Security.
2. Select the desired user Role and click Edit.
3. Proceed to the Receipt section.
4. Enable Single Click Receipt.

4. Procedure: Recording a Receipt

To record a receipt for a client's loan, follow these steps:

1. Navigate to Administration.
2. Search for and select the desired client.
3. Click the Loans button to view the client's loans.
4. Highlight the specific loan for which the payment is being made.
5. Click the Receipt button.

5. Field Descriptions

6. Important Information

• Transaction Date: The date of the transaction will automatically be recorded as the current date on which the receipt is processed.
• Payment Allocation: Upon entering an amount and clicking "Finish," the system automatically calculates the settlement, outstanding balance, installment due, and any non-loan debt. The allocation of the received amount is determined as follows:
  • If the "Ignore Settlement" option is enabled by default, the entered amount will be allocated to the Total Outstanding balance of the loan.
  • If the "Ignore Settlement" option is disabled, the entered amount will be allocated first to the Settlement Amount.
  • Any remaining portion of the received amount after these allocations will not be applied to the loan.
• Reversals: Processed receipts can be reversed if necessary.
• Printing: A physical copy of the receipt can be printed upon completion and reprinted at any later time.