10.10.1 The Memo Accrual Function

The memo accrual function will give you the latest accrual amounts for all components of a live contract without actually passing the accrual entries. The memo accrual function generates the Memo Accrual Control Journal that reports the accrued amounts for the various components of the contract (like interest, commission, charge or fee) that are due on each loan as of the current system date.