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Pricing
The Pricing page lets you configure pricing profiles and fee structures that are attached to financial products (loans, deposits).
Navigation: Administration → Financial Setup → Pricing
What Is a Pricing Profile?
A pricing profile is a collection of fee and charge rules that define the costs associated with a financial product. For example, a loan product might have a pricing profile that includes:
- Processing fee — A one-time fee charged at disbursement
- Origination fee — A percentage-based fee on the loan principal
- Late payment penalty — A charge applied when a repayment is overdue
- Insurance premium — A recurring charge for loan protection
Pricing Profile Table
| Column | Description |
|---|---|
| Profile Name | Descriptive name (e.g., "Standard Loan Fees") |
| Product Type | Loan, Deposit, or General |
| Item Count | Number of pricing items in the profile |
| Status | Active or inactive |
| Approval Status | Whether the profile has been approved |
Creating a Pricing Profile
- Click Create Pricing Profile
- Fill in the form:
| Field | Description | Required |
|---|---|---|
| Profile Name | A descriptive name | Yes |
| Product Type | The type of product this applies to | Yes |
| Description | What this pricing profile covers | No |
- Submit the form
- After creation, add pricing items to the profile
Pricing Items
Each pricing profile contains one or more pricing items. A pricing item defines a specific fee or charge:
| Field | Description |
|---|---|
| Item Name | The name of the fee (e.g., "Processing Fee") |
| Calculation Type | How the fee is calculated — fixed amount, percentage of principal, or tiered |
| Amount / Rate | The fee amount or percentage |
| Trigger | When the fee is applied — at disbursement, monthly, on event, etc. |
| GL Posting Rule | Which GL posting rule maps this fee to the ledger |
| Is Taxable | Whether tax applies to this fee |
Calculation Types
| Type | Description | Example |
|---|---|---|
| Fixed | A flat amount regardless of transaction size | $50 processing fee |
| Percentage | A percentage of a reference amount (e.g., principal) | 1.5% origination fee |
| Tiered | Different rates for different amount ranges | 1% for 0–1M, 0.5% for 1M+ |
GL Integration
Each pricing item can be linked to a GL posting rule that defines how the fee is recorded in the general ledger. This ensures that every fee automatically generates the correct debit and credit entries.
See GL Posting Rules for details on configuring posting rules.
Next Steps
- EOD Processing — End-of-day processing configuration
- Loan Products — Attach pricing profiles to loan products