Payments custom report tips
The following are some tips and tricks to help you create custom Payment reports! 1) You have two options when creating your own custom report: * Mouse over Data in the menu at the top of the screen, in the submenu that appears click on Reports. * Click + Add to create a brand new report with zero parameters…
Reamortizing Payment Amounts
There are two ways to reamortize a payment amount: * Either within the loan ; or * Processed within a bulk action Reamortizing a Payment Amount Within A Loan 1. In the loan overview menu, go to Payments > Transactions > Click +Add 2. Select Transaction Type: Set Payment Amount/Type 3. Fill o…
New Loan Type: Setting up Payments Settings in Administration
If you are adding a new Loan Type and you will be using the Payments module to process payments, you will need to set up the Payment Settings within Administration. 1. Click on the cog/gear wheel in the menu at the top of the screen to access the Administration menu. 2. Click on Reference in the menu on the lef…
Payments Generating Annual Interest Letters
For Payments users (non 504 payment processing module) only. The attached workbook will show you how to generate Annual Interest Letters and explain the mapping of the information within the letter.
Payments Payment Transaction Types
This article will explain what each Payment transaction type can be posted to a borrower's payment account. There are 3 transaction types that are labelled or referencing Payment : * Payment * Principal Only * Prepaid interest Using the Payment Transaction Type * The Payment transaction allows user…
Payments: How to Post a Payment
This article will show you how to post a payment to a borrower's account, and how to reverse or delete out the payment. There are two items you will want to confirm before you begin: * Do you have the appropriate permission settings? You need to be able to access the Payments > Transactions menu within a loan, …
Payments Webinars
Click here to return to the foundational webinar hub page. The videos below and the attachments to this article cover using the Payments section of Ventures. Please note that Payments is an add on to Ventures. Administration and Boarding Webinar Transaction Types Viewing Tips: * Use the Ta…
Schedule Future Transactions: Irregular payment schedules and Seasonal loans
OVERVIEW In order to schedule future transactions, go to Payments > Schedule Transactions . You can access this menu and add scheduled transactions at any time - even if the borrower’s repayment period has already started. Schedule Transactions Grid +Add button A) Use this button if there are one time…
How to Board a Payment Account in Payments
1) Once a loan is in Funded status, go to Payments > Loan Details (menu located on the left side) . This is where you will begin to board your payment account. 2) Fill out all applicable fields. Required fields are marked with a Red asterisk * . 3) Most of the fields are prepopulated from other data …
