The most common case for using this transaction is when an account is imported from an Accrual based system. In Ventures interest is tracked by the Interest Paid To Date and an accrued interest balance is not maintained. This transaction allows you to charge for missing interest that's not tracked by the Interest Paid To Date.

To add an Accrued Interest Adjustment the loan must be boarded in payments:

• Click Payments in the loan's overview menu a submenu will appear
• Click Transactions
• Click Add. A pop up will appear

• In the pop up, select Adjustment: Accrued Interest in the Transaction Type field.
• Set the Effective Date. By default it will choose the current day's date
• Use the Amount field to enter the amount you want to adjust the interest by. If you have a Current Accrued Interest Balance as noted in the field labeled Current Accrued Interest Balance, you can enter a negative amount, as long as the negative amount is not larger than the Accrued Interest Balance 
• You can use the reference and comment fields to include information related to the transaction.
• When you have finished filling out the pop up, review what you have entered then click Save.

When the transaction is saved, you can review added accrued interest using the Manual Accrued Interest (show the interest added by the specific manual adjustment) and the Ending Manual Accrued Interest Balance (shows the total manually added interest) additional columns found in the cog wheel menu:

• Click the cog wheel menu icon on the transaction table.
• Select Manual Accrued Interest and/or Ending Manual Accrued Interest Balance from the dropdown menu that appears. You may have to scroll through the menu to find them. When you do click on them. A check mark will appear next to their entry on the menu. This indicates that they have been added as columns to the table.
• Click away from the menu to view the table. You should see the columns added.

Manually added interest will be incorporated into the payment structure of the loan.

The Interest Paid to Date will update once the Manually Accrued Interest is paid.