What is reset category in SAP FS-CML - Loans Management?

SAP Term: reset category

• Component: FS-CML

• Component Name: Loans Management

• Description: Indicator at product type level that determines the conditions under which a non-accrual loan is reset to status accrual automatically. The system uses the reset category when processing non-accrual and delinquent loans.

Smart SAP Assistant

• Key Concepts: 
  Reset Category is a feature in the FS-CML Loans Management component of SAP that allows users to reset the category of a loan. This means that the loan can be moved from one category to another, such as from “current” to “past due” or vice versa. This feature is useful for keeping track of loans and their status. 
  
  How to use it: 
  To reset the category of a loan, users must first select the loan in question from the list of loans in the FS-CML Loans Management component. Then, they must click on the “Reset Category” button. This will open a window where users can select the new category for the loan. Once they have selected the new category, they must click “OK” to save their changes. 
  
  Tips & Tricks: 
  When resetting the category of a loan, it is important to make sure that all other information related to the loan is also updated accordingly. For example, if a loan is moved from “current” to “past due”, then its interest rate and payment schedule should also be updated accordingly. 
  
  Related Information: 
  For more information about resetting categories in FS-CML Loans Management, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.