Making a Loan Payment

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: