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: * Click + Add to create a brand new report with zero parameters, fields, and filters pre-populated OR * Click on the double page icon next an existing System or Cus…
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.
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.Go to Payments > Transactions > Click +Add 2.Select Transaction Type: Set Payment Amount/Type 3.Fill out applicable fields and hit c…
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. Go to Administration > Reference > Loan > Loan Types > Click on the Hyperlink of the Loan Type. 2. Fill out the 3 fields related …
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 Video Trainings
Here are our previously recorded webinars covering Payment Administration, Boarding and Transaction Types, along with links to relevant articles in our Knowledge Base: Administration and Boarding Webinar Transaction Types Boarding and Administration How to Board a Payment Account in Payments Schedu…
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, …
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 …
