diff --git a/erpnext/loan_management/doctype/loan_interest_accrual/loan_interest_accrual.py b/erpnext/loan_management/doctype/loan_interest_accrual/loan_interest_accrual.py
index d0b957d..70d1453 100644
--- a/erpnext/loan_management/doctype/loan_interest_accrual/loan_interest_accrual.py
+++ b/erpnext/loan_management/doctype/loan_interest_accrual/loan_interest_accrual.py
@@ -135,7 +135,7 @@
 	for loan in open_loans:
 		calculate_accrual_amount_for_demand_loans(loan, posting_date, process_loan_interest, accrual_type)
 
-def make_accrual_interest_entry_for_term_loans(posting_date, process_loan_interest, term_loan=None, loan_type=None):
+def make_accrual_interest_entry_for_term_loans(posting_date, process_loan_interest, term_loan=None, loan_type=None, accrual_type="Regular"):
 	curr_date = posting_date or add_days(nowdate(), 1)
 
 	term_loans = get_term_loans(curr_date, term_loan, loan_type)
@@ -154,7 +154,8 @@
 			'payable_principal': loan.principal_amount,
 			'process_loan_interest': process_loan_interest,
 			'repayment_schedule_name': loan.payment_entry,
-			'posting_date': posting_date
+			'posting_date': posting_date,
+			'accrual_type': accrual_type
 		})
 
 		make_loan_interest_accrual_entry(args)
diff --git a/erpnext/loan_management/doctype/process_loan_interest_accrual/process_loan_interest_accrual.json b/erpnext/loan_management/doctype/process_loan_interest_accrual/process_loan_interest_accrual.json
index c1296f7..4c354e6 100644
--- a/erpnext/loan_management/doctype/process_loan_interest_accrual/process_loan_interest_accrual.json
+++ b/erpnext/loan_management/doctype/process_loan_interest_accrual/process_loan_interest_accrual.json
@@ -10,7 +10,6 @@
   "loan_type",
   "loan",
   "process_type",
-  "accrual_type",
   "amended_from"
  ],
  "fields": [
@@ -48,18 +47,12 @@
    "hidden": 1,
    "label": "Process Type",
    "read_only": 1
-  },
-  {
-   "fieldname": "accrual_type",
-   "fieldtype": "Select",
-   "label": "Accrual Type",
-   "options": "Regular\nRepayment\nDisbursement"
   }
  ],
  "index_web_pages_for_search": 1,
  "is_submittable": 1,
  "links": [],
- "modified": "2020-10-26 07:14:31.491249",
+ "modified": "2020-11-05 10:49:35.657728",
  "modified_by": "Administrator",
  "module": "Loan Management",
  "name": "Process Loan Interest Accrual",
diff --git a/erpnext/loan_management/doctype/process_loan_interest_accrual/process_loan_interest_accrual.py b/erpnext/loan_management/doctype/process_loan_interest_accrual/process_loan_interest_accrual.py
index 1eeb18b..f052265 100644
--- a/erpnext/loan_management/doctype/process_loan_interest_accrual/process_loan_interest_accrual.py
+++ b/erpnext/loan_management/doctype/process_loan_interest_accrual/process_loan_interest_accrual.py
@@ -20,7 +20,7 @@
 
 		if (not self.loan or not loan_doc.is_term_loan) and self.process_type != 'Term Loans':
 			make_accrual_interest_entry_for_demand_loans(self.posting_date, self.name,
-				open_loans = open_loans, loan_type = self.loan_type, accrual_type=self.accrual_type)
+				open_loans = open_loans, loan_type = self.loan_type)
 
 		if (not self.loan or loan_doc.is_term_loan) and self.process_type != 'Demand Loans':
 			make_accrual_interest_entry_for_term_loans(self.posting_date, self.name, term_loan=self.loan,