Loan Processing > Modify >

Preferences

 

         

 

 

Overview


Modify Preferences allows you to change General Ledger interface settings as well as invoice printing and statement printing settings. There are three tabs: General Ledger Information, Invoice Printing Information, and Statement Printing Information.

 

This Help page contains the following sections:

General Ledger Information

Invoice Printing Information

Statement Printing Information

 

 

General Ledger Information


Select if you want to use Cash Basis. Use the drop-down list to select the default Bank Account to use when setting up new loans. You can then specify the General Ledger levels and account information:

 

Default Principal Account: Asset account where principal loan payments are to be credited

Default Interest Account: Income account where the interest payments are to be credited

Adjustments Account: Usually an expense account

Late Fee: Usually an income account

Accounts Receivable: Asset account (inactive if Cash Basis is selected)

 

Cash or Accrual Basis

 

Accrual Basis causes Loan Processing to send entries to General Ledger both when invoices and payments are posted. The income account is credited and the accounts receivable account is debited at the time invoices are posted. The bank account is debited and the accounts receivable account is credited when payments are posted. Cash Basis causes Loan Processing to only send entries to the General Ledger when payments are posted. The income account is credited and the bank account is debited.

 

Bank Account

 

The bank account used for General Ledger journal entries originating in Loan Processing is not based on the Current Financial Settings but rather the Bank Account selected on this page.

 

 

Invoice Printing Information


For Print Invoices select Do not print invoicesUse Default Form, or Custom Form. If you select Custom Form click the Choose File button to select the custom invoice form that you wish to use. If there is already a custom form selected you can click the Edit  icon and then the Choose File button to select a new custom form. The custom invoice form needs to be in HTML format. The following fields are available:

 

 

Click the Test Print Form to preview what your form looks like. Click the Download Form button to download a copy of the currently selected statement form.

 

 

Statement Printing Information


For Print Statements select Do not print StatementsUse Default Form, or Custom Form. If you select Custom Form click the Choose File button to select the custom statement form that you wish to use. If there is already a custom form selected you can click the Edit  icon and then the Choose File button to select a new custom form. The custom statement form needs to be in HTML format. The following fields are available:

 

 

Click the Test Print Form to preview what your form looks like. Click the Download Form button to download a copy of the currently selected statement form.

 

 

When finished click the Update button to save all changes, the Reset link to undo all changes since the last time Preferences was updated, or the Cancel link to return to the main Loan Processing page without saving.

Compiled on 10/16/2018 10:23:13 AM