Bulk Transaction Posting

The Bulk Transaction Posting feature is designed to enhance efficiency by enabling users to process multiple deposits, disbursements or repayments from a single ledger.

Key Features:

• Bulk Deposits: Process deposits for Savings or Share Accounts.
• Bulk Disbursements: Choose approved Loan Applications to diburse from New Loans list.
• Bulk Repayments: Manage repayments for Loan Accounts.
• Streamlined Workflow: Accessible via the Transaction Type menu on the updated Teller Page.

Workflow Overview:

The Teller Page now includes a Parent Component for selecting Account Type and Transaction Type, with two operational modes:

1. Standard Transactions: For individual entries.
2. Bulk Transactions: For batch processing.

Bulk Transaction Process:

1. Choose Transaction Type: Select Bulk Deposits or Bulk Repayments.
2. Ledger Account as Debit Account: Automatically sets “Transfer” mode for streamlined processing.
3. Enter Details: Specify:
   • Account Type (Savings/Share/Loan).
   • Transaction Notes.
   • Transfer Amounts for individual credit accounts.
4. Add Multiple Rows: Include several accounts for simultaneous processing.

Each bulk entry creates individual transaction records, ensuring transparency and auditability. All transactions are viewable on the All Transactions page for easy tracking.

This feature simplifies the deposit and repayment processes while offering enhanced control and flexibility for users.

Bulk Loan Disbursement Process:

1. Choose Loans under Accounts button.
2. Select New from the sections.
3. Select the specifc loans you intend to disburse in bulk from the list.
4. You can also look for a specific loan by typing member name in Search here bar.
5. Click Disburse Loans (#) button to complete the transaction.
6. A pop up box will appear to show Selected Loans.
7. Under the Payment section of this pop up box, administrator will fill in the missing details and received OTP verification before clicking Next button.
8. Under Confirmation section, adminstrator will be able to view details of the loans.
9. The administrator can then choose to Approve or Deny by clicking any of the buttons.

Note; the bulk disbursement function works for transactions happening through MNO mode, but not at Teller.