5.2.4.2 Specifying the accounting entries for the associated fee components

For every event associated with the product, you can specify the accounting entries that need to be posted to the respective GL’s. Oracle Lending provides the following amount tags for each of the fee component associated with the product.

• COMPONENT_LIQD: You can use this amount tag to pass entries at the time of collecting a new fee or an additional fee from the customer. This amount tag contains the fee liquidation amount.
• COMPONENT_DECR: This amount tag contains the fee refund amount. This amount tag is used to pass an accounting entry if you want to refund a fee amount.
• COMPONENT_ACCR: This amount tag contains the fee amount that is accrued