Product accounting (GL mappings)

Each product posts its transactions to accounts in your chart of accounts. Which mappings are required depends on the accounting rule.

Loan products — cash accounting

Mapping	Account type	Used for
Fund source	Asset	Where disbursed money comes from (cash or bank)
Loan portfolio	Asset	Principal outstanding with members
Overpayments	Liability	Money paid beyond what was owed
Income from interest	Income	Interest collected
Income from fees	Income	Fees collected
Income from penalties	Income	Penalties collected
Income from recovery	Income	Money recovered on written-off loans
Losses written off	Expense	Principal written off
Interest written off	Expense	Interest written off
Suspended income	Liability / income	Interest suspended on non-performing loans

Mapping	Account type	Used for
Interest receivable	Asset	Interest earned but not yet paid
Fees receivable	Asset	Fees charged but not yet paid
Penalties receivable	Asset	Penalties charged but not yet paid
Transfer in suspense	Asset / liability	Loans moving between branches

Mapping	Account type	Used for
Savings control	Liability	Members’ savings balances (you owe them)
Interest on savings	Expense	Interest you pay members
Write-off savings	Expense	Savings balances written off
Income from fees	Income	Savings fees collected
Income from penalties	Income	Savings penalties collected
Income from overdraft interest	Income	Interest on overdrawn accounts

Tip

Map each product to its own portfolio and income accounts if your regulator or board wants product-level financials.