Write-offs & Restructuring
Formal write-off workflows with approval chains, automatic GL posting, and loan restructuring without losing the original contract audit trail.
Write-offs and loan restructuring are high-stakes processes that must be governed carefully. The YoApp Write-offs & Restructuring module enforces mandatory approval chains for both actions, posts the correct GL entries automatically, and maintains the complete original contract history even after a restructure — so your books are accurate, your audit trail is intact, and your credit policy is enforced without exception.
Everything you need, nothing you don't
Write-off Approval Workflow
Every write-off request must traverse a defined approval chain before execution. The chain is configurable by write-off amount tier — smaller amounts need fewer levels.
Automatic GL Posting
On write-off approval, the platform posts the bad debt expense, clears the loan receivable, and records the write-off in the designated GL accounts — automatically and in real time.
Partial Write-off Support
Write off a portion of an outstanding balance while keeping the remainder of the loan active — with the partial write-off posted correctly to both the GL and the loan record.
Loan Restructuring Workflow
Propose a restructure — extended tenure, reduced interest rate, capitalised arrears — with the new terms reviewed through an approval workflow before they take effect.
Schedule Regeneration
On restructure approval, a new repayment schedule is generated from the restructure date. The original schedule is retained in the loan history for audit purposes.
Original Contract Preservation
Restructuring never overwrites the original loan contract or schedule. Both are retained and accessible — the restructure is a new event on the same loan record.
Collections to Write-off Pipeline
Loans in the PAR 90+ bucket are automatically surfaced to the write-off review queue, with the option to initiate a write-off or restructuring workflow directly from the collections module.
Write-off Register
A consolidated register of all written-off loans — borrower, write-off date, amount, approving authority, and GL reference — exportable for regulatory submission and external audit.
Built for your team
Initiate write-off and restructuring proposals with the full borrower history and outstanding balance pre-populated — and submit them through the approval chain in seconds.
Rely on correct, automatic GL posting for every write-off and restructure — no manual journal entries, no risk of misclassification.
Access the complete write-off register, original contracts, restructuring event logs, and GL postings from one place — reducing audit fieldwork significantly.
Often used together with
Ready to activate Write-offs & Restructuring?
Sign up free and configure Write-offs & Restructuring in minutes — or book a demo and we'll walk you through it live.