From release 40A, Company Loans is available in Japan.
This function covers two types of company loans.
o Company loans by company
o Company loans related with other institutions (including interest support)
o Instalment and annuity repayment are supported as a standard.
o Special pattern, such as STEP and LEEWAY repayment, can be covered.
o Various kinds of interest pattern can be covered, such as fixed, flex and selectable.
o Excel interface provide flexibility in maintaining repayment plan. Currently Office95 and Office97 is certified. But Excel interface doesn't work with Macintosh.
o Interest support can be taxed as imputed income.
o Repayment process is calculated in payroll.
o Arrears should be calculated and processed manually.
o In case of special repayment process, repayment plan should be maintained manually.
o No function to control status, such as 'invalid' -> 'active'
Because of old invalid Company Loans Japan and other settings. it is necessary to have a post-upgrade activity.
Please check NOTE 0080418 in OSS!!!