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You may have noticed the two terms, Uncharged Principal and Principal Remaining, used across the tenant ledger and loan tracking views. There is a difference between these two amounts that assists in determining what a tenant actually owes, versus the amount they have been charged.
Uncharged Principal
This amount is shown strictly within the tenant ledger in the Account Balances widget. The uncharged principal amount is the principal balance for which the tenant has yet to be charged, regardless of whether they have made a payment yet.
Principal Remaining
This amount is shown within the loan tracking feature, and in the Loan Balances widget of the tenant ledger. The Principal Remaining amount is that equal to the amount of principal minus the amount of principal paid by the tenant. This figure will only decrease if a payment has been allocated towards the tenants principal, not the uncharged principal account.
