Placement
Last updated
Udara360 User Guide
Last updated
The Create Placement feature allows users to create and manage financial placements or investments, including configuring placement amounts, tenure, expected returns, and tax settings.
Log into the application using your credentials.
From the dashboard, navigate to Accounts in the side menu.
Select Placement from the dropdown list.
To create a new Placement, follow these steps:
Click the Add button to initiate the creation of a new placement in the top-left corner of the Placement page,
Complete all the fields for the placement, including name, amount, destination, and maturity details.
Select the appropriate GL accounts to track placement, investment, and interest income.
Set Liquidation and Tax Rules: Define the rollover and pre-liquidation rules and specify whether withholding tax applies.
Click the Save button to create the placement.
Confirm the action by selecting “Yes, I want to proceed.”
Here's how to modify a Placement below:
In the Actions column, click the three vertical dots (⋮).
Select Modify from the dropdown menu.
Update the necessary Placement details.
Click Update to save and apply the changes.
Confirm the action by selecting “Yes, I want to proceed.”
To activate/deactivate an existing Placement:
In the Actions column, click the three vertical dots (⋮) next to the Placement you wish to deactivate/activate.
Select Deactivate/Activate from the dropdown menu.
Confirm the action by selecting “Yes, I want to proceed.”
