To be able to insure your loans you will need to link the insurance ledger with accounting.
Go to Settings>Select Accounting.
Step-by-step guide on how to link accounting with insurance ledger.
- Login to the Wakandi App
- Go to Settings
- Select Accounting
- From the top menu bar select Fee & penalties.
- Click on Add Fee and Charges on the top right corner to add a new fee.
- On the name field, write Insurance fee
- On the General ledger code, select the Loan insurance fee ledger we created from the list
- On the Charges type field, select Fee
- Click on the Save to complete
- Done! Now you can go to credit policy and insure your loans.