Mambu Banking Engine

Ideas aimed to improve the current experience provided by the Mambu Banking Engine.

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Do not defer tax payable on disbursement fees with amortization enabled

WhatDo not defer tax payable on disbursement fees with amortization enabled.WhyIt is a common practice in some countries that organizations need to amortize fee income from disbursement fees and at the same time to pay VAT on these fees to authori...

Created 11 Feb 02:16pm by Szymon Kłapciński

Ledger / Accounting / Loans

0
1 Vote

Daily/ monthly journal entries for fee amortisation using straight-line method

What: Allow for daily/ end of month fee amortisation recognition, when the straight-line method is used. Why: From the accounting perspective, it’s the best practice and according to generally accepted accounting standards to recognise income...

Created 17 Dec 03:56pm by Dorota Nosal

Ledger / Loans

0