"Restore" Operation
Restoring Debt in a Previous Period.
The "Restore" operation is performed to return payment amounts from a previous period.
The procedure is described using an example of a contract where the borrower pays regularly, but suddenly some penalties are mistakenly charged, and in the next monthly payment the payment amount is distributed to pay off the penalty first, then to interest, and there is not enough left for the principal, consequently creating overdue debt. The client knows nothing about this. The month ends, you close the period, pay taxes, and suddenly it turns out that there was an error in the already closed period and it needs to be corrected. In a closed period, you cannot delete an operation or correct anything, because data has already been exported to 1C. This is why the restore correction is needed. It is performed with the current date, or you can roll back to the 1st day of the month following the closed one.
1.Corrections => "Restore".
Select the date period from 06/01/2018 to 05/20/2018
Click the "Restore" button. For this period, repayment operations, prepayments, and prepayment credits are rolled back (everything that reduces debt).
This process rolls back all repayments up to the date you specify, that is, up to the date of the payment that was incorrectly distributed. In automatic mode, the system restores the debt that existed on the payment date.
Then you can, for example, write off or reverse penalties, i.e., adjust the balance as needed.
2. Corrections => "Write-off" Operation
Set
Date - 06/01/2018
Amount type - penalty on principal
Payment - empty
Amount - 18.09
By clicking the recalculate button, the required tranche from which this penalty can be written off is automatically pulled up. Click the "Create operation" button. Write off penalties both on-balance and off-balance (if any).
If necessary, repeat the same for the off-balance penalty. In this case, you need to check the box in the "Off-balance" field.
3. Corrections => "Redemption Reaccept" Operation.
The redemption reaccept operation performs repayment of principal and interest separately, i.e., without deleting the cash flow statement, we distribute the amount as needed, but with the current date.
Set
Date - 06/01/2016
Amount type - interest
Payment - empty
Amount - 123.30
By clicking the "Recalculate" button, the required tranche is automatically pulled up. Click the "Create operation" button.
And after that, perform the redemption reaccept operation for the principal amount:
Set
Date - 06/01/2016
Amount type - principal
Payment - empty
Amount - 361.78 (the principal debt amount as of the payment date)
We restored the debt and repaid it as it should have been done.
When restoring, it is mandatory to perform the redemption reaccept operation for the payment amount, not less and not more.
After all actions are completed, the following information can be seen in the detailed breakdown by operations:
