Holidays and Non-Working Days
- Updated On 22 Nov 2019
- 1 Minute To Read
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.
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 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:
- Add the holiday's name
- Select the date when it occurs
- Choose if it happens every year in the same date or not