Holidays and Non-Working Days
  • 22 Nov 2019
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Holidays and Non-Working Days

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Overview

Holidays and non-working days can define on which days there should be no loan account instalments, this section allows defining organization-wide non-working days, holidays, and what happens when loan schedules are due in a non-working day.


Non-Working Days

Setting working days defines which days of the week are considered working days, which can affect loan schedules.

To select the non working days, go to Administration - General Settings - Holidays -  check the boxes for each non-working day

Holidays screen.


Holidays

Holidays are treated by Mambu as a non-working day, the difference is that holidays have specific dates in the year.

To define a new organization-wide holiday:

  1. Add the holiday's name
  2. Select the date when it occurs
  3. Choose if it happens every year in the same date or not
  4. Save

Add a holiday screen. Specific holidays added for each organization.

Best Practice
Every year you should go through all the holidays from the previous year to make sure they are still valid and ensure that non-recurring holidays are deleted or moved to the correct day.

Ask the Mambu Community
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