{"id":803,"date":"2026-04-02T09:12:02","date_gmt":"2026-04-02T09:12:02","guid":{"rendered":"https:\/\/www.sikasoftonline.net\/?p=803"},"modified":"2026-04-02T09:12:02","modified_gmt":"2026-04-02T09:12:02","slug":"product-setup","status":"publish","type":"post","link":"https:\/\/www.sikasoft.net\/index.php\/2026\/04\/02\/product-setup\/","title":{"rendered":"Product Setup"},"content":{"rendered":"\n

The\u00a0Product Setup<\/strong>\u00a0module is a comprehensive administrative tool used to design, configure, and manage the core financial offerings of the institution\u2014specifically,\u00a0Deposit<\/strong>\u00a0and\u00a0Loan<\/strong>\u00a0products. By dynamically adjusting the configuration interface based on the selected product type, administrators can map specific GL accounts, define granular fee structures, set up withdrawal charge tiers, and configure automated interest parameters.<\/p>\n\n\n\n\n\n\n\n

PURPOSE<\/h2>\n\n\n\n
    \n
  • Establish the operational parameters and rules for all customer-facing financial products.<\/li>\n\n\n\n
  • Ensure strict linkage between specific products (e.g., “Regular Savings,” “Agri-Loan”) and the institution\u2019s General Ledger structure.<\/li>\n\n\n\n
  • Define automated business rules for account maintenance fees, overdraft charges, and loan processing fees.<\/li>\n\n\n\n
  • Maintain a secure staging environment (Pending\/Unauthorised) preventing new products from going live without dual-administrator authorization.<\/li>\n<\/ul>\n\n\n\n

    STEP-BY-STEP GUIDE<\/h2>\n\n\n\n

    Step 1 \u2014 Accessing Product Setup<\/strong><\/p>\n\n\n\n

      \n
    1. Navigate to the\u00a0Admin Setup <\/strong>module and select Product setup <\/strong>via the main application sidebar.<\/li>\n\n\n\n
    2. The primary dashboard displays tabs for\u00a0Unauthorised<\/strong>\u00a0(pending authorization) and\u00a0Authorised<\/strong>\u00a0(live active products).<\/li>\n<\/ol>\n\n\n\n
      \"\"<\/figure>\n\n\n\n
        \n
      1. Use the\u00a0Product Type<\/strong>\u00a0dropdown in the top right to filter the view between\u00a0Deposit<\/code>\u00a0and\u00a0Loan<\/code>\u00a0products.<\/li>\n<\/ol>\n\n\n\n
        \"\"<\/figure>\n\n\n\n

        Step 2 \u2014 Initiating a New Product<\/strong><\/p>\n\n\n\n

          \n
        1. Click the orange \u00a0Add Product<\/strong>\u00a0button in the top right corner.<\/li>\n<\/ol>\n\n\n\n
          \"\"<\/figure>\n\n\n\n
            \n
          1. The\u00a0Product Setup<\/strong>\u00a0modal will open. First, select the required\u00a0Product Type<\/strong>\u00a0(Deposit or Loan) from the top-most card.\u00a0The form will dynamically restructure based on your selection.<\/em><\/li>\n<\/ol>\n\n\n\n
            \"\"<\/figure>\n\n\n\n

            Step 3 \u2014 Configuring a DEPOSIT Product<\/strong><\/p>\n\n\n\n

              \n
            1. Basic Information:<\/strong>\u00a0Enter the\u00a0Product Name<\/code>\u00a0and use the dark ellipsis\u00a0[...]<\/code>\u00a0finder button to map it to its parent\u00a0GL Account<\/code>. Define the\u00a0Min Balance<\/code>\u00a0required for the account.<\/li>\n\n\n\n
            2. Features:<\/strong>\u00a0Check the boxes for\u00a0Charges<\/code>\u00a0or\u00a0Interest<\/code>\u00a0depending on the product’s behavior. If charges apply, select the specific\u00a0Charge Type<\/code>\u00a0(e.g., A\/C Maintenance Fees, COT – Monthly).<\/li>\n\n\n\n
            3. GL Mapping (Charges\/Interest):<\/strong>\u00a0Use the respective finder buttons to link\u00a0Post Charges To<\/code>\u00a0and\u00a0Post Interest To<\/code>\u00a0GL Accounts. Set your base\u00a0Rate<\/code>\u00a0or\u00a0Interest % PA<\/code>.<\/li>\n\n\n\n
            4. Charge Configuration:<\/strong>\u00a0Define the specific\u00a0Entrance Fee A\/C<\/code>\u00a0and input the monetary limits for\u00a0Min\/Max Charges<\/code>.<\/li>\n\n\n\n
            5. Overdrafts & SMS:<\/strong>\u00a0Map the\u00a0Interest on OD<\/code>\u00a0GL account, state the OD percentage, and enter specific\u00a0Monthly SMS Charges<\/code>.<\/li>\n\n\n\n
            6. Withdrawal Tiers:<\/strong>\u00a0If utilizing tiered withdrawal fees, check\u00a0Charge By Range<\/code>\u00a0and configure the brackets (e.g., 1st Range: Between X and Y = Charge Z).<\/li>\n\n\n\n
            7. Accruals:<\/strong>\u00a0Finally, navigate to the Accounts and Notes section to map the\u00a0Accrued Int. Payable A\/c - Dr\/Cr<\/code>\u00a0GL accounts. Click\u00a0Save<\/strong>.<\/li>\n<\/ol>\n\n\n\n
              \"\"<\/figure>\n\n\n\n

              Step 4 \u2014 Configuring a LOAN Product<\/strong><\/p>\n\n\n\n

                \n
              1. Basic Information:<\/strong>\u00a0Enter the\u00a0Product Name<\/code>\u00a0and map the primary\u00a0GL Account<\/code>. Map the\u00a0Interest on Loan A\/C<\/code>\u00a0to capture revenue.<\/li>\n\n\n\n
              2. Disbursement & Limits:<\/strong>\u00a0Define the\u00a0Charge on Disbursement<\/code>\u00a0GL account, the\u00a0Disbursement Charges (Rate)<\/code>, and establish the\u00a0Min\/Max Loan Amount<\/code>\u00a0parameters.<\/li>\n\n\n\n
              3. Interest Rules:<\/strong>\u00a0Set the\u00a0Interest Rate Per Month<\/code>, select the\u00a0Interest Type<\/code>\u00a0(e.g., Daily, Per Schedule), and map the\u00a0Loan Fund A\/C<\/code>.<\/li>\n\n\n\n
              4. Processing Fees and Insurance:<\/strong>\u00a0Assign the\u00a0Processing Fee A\/c<\/code>\u00a0along with its rate, minimum, and maximum deductions. Complete any penal charge GL mappings at the bottom of the form. Click\u00a0Save<\/strong>.<\/li>\n<\/ol>\n\n\n\n

                Step 5 \u2014 Finalizing the Setup<\/strong><\/p>\n\n\n\n

                  \n
                1. Once saved, the new product will appear in the\u00a0Unauthorised<\/strong>\u00a0tab.<\/li>\n<\/ol>\n\n\n\n
                  \"\"<\/figure>\n\n\n\n
                    \n
                  1. A separate administrator must review the entry in the Authorization module to approve the GL mappings and fee structures before the product can be assigned to customers.<\/li>\n<\/ol>\n\n\n\n

                    KEY NOTES<\/h3>\n\n\n\n
                      \n
                    • Dynamic Interface:<\/strong>\u00a0The modal extensively uses JavaScript to show or hide relevant fields. For example, selecting “No charges or interest” will automatically disable unnecessary mapping fields.<\/li>\n\n\n\n
                    • Finder Buttons:<\/strong>\u00a0Do not attempt to manually type GL account codes. Always use the dark\u00a0[...]<\/code>\u00a0finder buttons to launch the internal GL search modal and ensure absolute database accuracy.<\/li>\n\n\n\n
                    • Scroll Handling:<\/strong>\u00a0Due to the extensive number of financial parameters, the modal is designed to scroll internally while maintaining the header and footer buttons in place.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                      The\u00a0Product Setup\u00a0module is a comprehensive administrative tool used to design, configure, and manage the core financial offerings of the institution\u2014specifically,\u00a0Deposit\u00a0and\u00a0Loan\u00a0products. By dynamically adjusting the configuration interface based on the selected product type, administrators can map specific GL accounts, define granular fee structures, set up withdrawal charge tiers, and configure automated interest parameters.<\/p>\n","protected":false},"author":7,"featured_media":810,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,35],"tags":[],"class_list":["post-803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-admin-setup","category-product-setup"],"_links":{"self":[{"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/posts\/803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/comments?post=803"}],"version-history":[{"count":1,"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/posts\/803\/revisions"}],"predecessor-version":[{"id":811,"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/posts\/803\/revisions\/811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/media\/810"}],"wp:attachment":[{"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/media?parent=803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/categories?post=803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sikasoft.net\/index.php\/wp-json\/wp\/v2\/tags?post=803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}