Making a Loan Payment

Owned by Haile Elizondo
Last updated: Feb 02, 2018 by Former user (Deleted)

Step-by-Step Guide:

  1. Click "Make a Payment" from the Loan Overview screen or the Balance at a Glance view.



  2. The Post Payment wizard will run. 

    1. Unit or Loan: Select the Loan this payment applies to.
    2. Account: Select the account you wish to post the payment to.
    3. Payment Type: Select the type of payment being made.
    4. Posted On Date: Enter the date the payment was posted.
    5. Amount: Enter the amount of the payment.
    6. Description: Enter a description for this payment (optional).
    7. Auto/Manual Allocation: select whether you want this payment to be manually, or automatically allocated. (For more information on allocations see Allocations.)
    8. Cancel Button: Click this button if you wish to cancel the payment.
    9. Post Payment Button: Click this button once required fields have been met, and you wish to post this payment.
  3. The payment will now appear in the "Charges & Payment History" page for the specified loan.

Video Demonstration: