Importing Payment Information
You can import payment information using the import payments feature in Ventures. This allows you to add payment transaction information to a loan you have boarded in payments. * Click on Payments in the menu at the top of the screen. * When the Payments page loads, click Actions in the menu on the left. A subme…
Adding an Adjustment for Accrued Interest
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 Pai…
Payments Fixed Principal
How to add Fixed Principal payment type at payment account boarding: Please review KB article How to Board a Payment Account in Payments . How to add Fixed Principal payment type as a future transaction change: Please review KB article Schedule Future Transactions: Irregular payment schedules and Seasonal loan…
Payments Using a Debt Forgiveness Transaction Type
This knowledge base article is also available as a video: Q: How do you add a Debt Forgiveness-Full transaction type? A: In the overview menu of the loan click on Payments > Transactions menu: * Click on +Add * Select Debt Forgiveness-Full transaction type * Enter Effective Date * Click Save …
