Using General Ledger Plans

Using General Ledger Plans

This is an explanation of how General Ledger (GL) Plans can be used in Fusion Servicing Director. GL Plans can be used to further differentiate specific loans to be posted to a GL account, along with Loan Type, Investor and Money Type. 

For example: 
You set up two GL Plans in the System Administration Table Setup, and select GL Plan:
  • FNMA Fixed
  • FNMA ARM
You then set the GL Plan code on the individual loans, in the Customer Service Loan Info screen. In your GL Accounts setup, you can have one account for Principal Deposit category for FNMA Fixed loans. You can then select the FNMA Fixed GL Plan so only those loans with that GL Plan would be posted to that particular account, along with selecting the Investor of course. Follow the same process then for the FNMA ARM GL plan.

For more information on implementing and setting up the Servicing Director GL system, please review the application Help Topics (F1).

Select Setting up GL Account Assignments from the Related Articles for GL account assignment information and troubleshooting tips.

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000054327

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