To disburse a loan account to a negotiable payment type
Locate the loan account by navigating to it through the client or group that holds the loan account.
- Select Disburse from the action bar.
- Select the Disbursed on date from the calendar pop-up.
- Accept the default Transaction amount or type a different amount less than the default amount.
- Select Payment type from the list.
- Click + to add payment details.
- Account#
- Check#
- Routing code
- Receipt#
- Bank#
- Type any relevant notes.
- Click Submit.
The loan account will be disbursed and the loan account status updated to Active.
To disburse a loan account to a saving account
Locate the loan account by navigating to it through the client or group that holds the loan account.
- Select Disburse to Saving from the action bar.
- Select the Disbursed on date from the calendar pop-up.
- Accept the default Transaction amount or type a different amount less than the default amount.
- Type any relevant notes.
- Click Submit.
The loan account will be disbursed and the loan account status updated to Active.
To Undo a Loan Account Disbursement
Locate the loan account by navigating to it through the client or group that holds the loan account.
- Select Undo Disbursal from the action bar.
- Type any relevant notes.
- Click Submit.
The loan account disbursement will be reversed and the loan account status updated to Approved.
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