26 docs tagged with "accounting"

For all organizations (regardless of their use of Mambu's Accounting module) it's important to be able to close their accounts periodically, mainly...

You can generate the following accounting reports in Mambu:

Accounting rules allows you to create general rules for your accounts such as setting automatic accounting closures that recur on a regular basis and...

To use the accounting module, you need to go through the following steps:

Export Journal Entries from Mambu.

Mambu allows you to select a journal entry booking date different from the value date of transactions.

Mambu supports two main accounting methodologies you can choose from based on your internal operations:

Income covers the different income categories from the investments. For example, within a real estate investment pool you may have income categories...

The *Chart of Accounts (CoA)* is the basis of your organization's accounting. Here you will have all the accounts you need to keep track of the...

Credit Balance lets customers store their own money on a revolving loan account — through overpayments or a direct deposit — so it can be used to fund future disbursements or repayments, without affecting the total debt.

You can only edit deposit accounts' terms and conditions when the account isn't active yet. After accounts are approved and in the _Active_ state,...

By default, Mambu runs a daily series of automated tasks outside of business hours and an hourly series of additional processing tasks. These are...

End of Day (EOD) processing refers to the daily and hourly jobs that are executed usually at the end of each day in order to manage the data in your...

Fee capitalization allows lenders to incorporate the fee directly into the loan's principal balance. When a fee is added to a loan, lenders have the...

When adding fees to a loan product that has accounting enabled, you have two options:

An inter-branch transfer general ledger (GL) account is needed to correctly book any transactions affecting GL balances in two different branches in...

Whenever accrued interest is applied on an account, it means that the interest has been recognized as income in the case of loan accounts or...

Client account transactions will be logged automatically by Mambu after you [link your products](/docs/linking-products-to-accounting) to General...

Each action taken against an account will have an effect on your company's balance sheet, whether it's a deposit, a withdrawal, or the application of...

To ensure full financial accuracy and enable proper reconciliation of your profit-sharing operations, our platform provides a complete accounting...

There are two categories of transactions in Mambu:

Mambu uses an automated system to apply calculated, distributed and approved profits in profit sharing. Manual profit application is not supported...

Our platform's standard accounting methodologies are fully applicable to Shari'ah-compliant deposit products. This guide outlines the specific...

A dedicated Refund transaction type for Revolving Credit loans that supports partial and full refunds against a disbursement, without losing transaction history or forcing a bulk recalculation of the account.

Unapplied Funds lets borrowers pay more than their outstanding mortgage balance by crediting the surplus to a dedicated liability reserve instead of rejecting the payment.

To write off a loan account: