Loan Processing > Manage >

Payment Processing

 

         

 

 

Overview

Manage Payment Processing allows you to input payments for loans.

 

This Help page contains the following sections:

 

Filters

Payment Processing Grid

Payment Edit Report

Process Payments

 

 

Filters

The options available in the Filters area are:

 

Account #: Type all or part of the account number.

Account Name: Type all or part of the account name.

Person Name: Type all or part of the person name.

City

State 

Account Type: Select the account type from which you wish to display unposted payments.

Payment Date: Select the payment date range from which you want to view unposted payments. Additional date filters may appear depending on what option you choose.

Users: Select the users from which to display unposted payments. Options are Select all and every user with unposted payments.

 

Click the Search button to display the results or the Clear Filters link to reset all filters.

 

 

Payment Processing Grid

The grid displays unsaved payments matching the selected filters with the following columns:

 

Name

First Date: The date the first payment is due.

Original Amount

Payment Date

Check #

Amount

Adjustment

Attach: Hover over the Attach  icon to see any notes on the attachment(s) and the filenames of attached files.

Note: Hover over the Note  icon to preview the note.

Setup: Hover over the Information  icon to display user and time information for when the payment was set up and last updated.

 

Double-click on a payment or click the Edit  icon to edit a payment in the grid. You can also click the Add New Payment link to add a new payment (More Information). Click the Delete  icon by a payment in the grid to be prompted to delete that payment.

 

 

Payment Edit Report

Select the payments you want to view and click the Payment Edit Report button to display a preview of the your report. In the Report Preferences area you can select to Print Payment Notes. If you have changed the options click the Run Report button to display an updated preview of the Payment Edit Report. For each selected payment the following information displays: Account Name, Account #, Payment Date, Check #, Amount Adjustment, Principal Draw, Interest Late Fee, and Due. The Total Payments display at the bottom of the report.

 

You may also click the Clear Preferences link to reset all of your report preferences to their initial values. Once the preview displays you can navigate the pages, export to several formats (e.g., PDF, Excel, Word), and Print. Click the Close Report button to return to the Payment Processing page.

 

 

Process Payments

Select the payments you wish to process within the grid. You can also select the top box to select all payments in the grid. Click the Process Payments button to begin the posting process (More Information).

 

Bank Account

The bank account used for your payments in the journal entry sent to General Ledger is the bank account selected on the Loan (More Information).

 

Compiled on 1/24/2018 8:42:27 AM