How can I add an insurance fee ledger?

Here are a few easy steps to add an insurance fee ledger to link with credit policy.

Step-by-step guide to adding insurance fee ledger.

1. Login to the Wakandi app
2. Go to Ledgers
3. Select General Ledger from the dropdown.
   
   
4. Select Accounts from the menu bar and click Accounts from the dropdown.
5. From here you can click on the add new ledger to add a ledger.
   
   
6. On the Ledger name Write the Loan insurance fee
7. On the Parent group select Creditors liabilities from the List.
8. The Ledger code will appear automatically. Now you can select CR from the opening balance field since our ledger will be in a credit nature.
9. Click submit to create a ledger.
   
   

Done! Now you can link the ledger with Accounting, click here to learn how to link the insurance ledger with accounting