How to Make Repayments on a Group Loan Account

To make a repayment using the collection sheet (and productive collection sheet)

** UNDER CONSTRUCTION—The collection sheet is a way to create bulk transactions for repayment of loans. Collection sheets ...***

To make a repayment using cash or similar payment type

Locate the loan account by navigating to it through the group that holds the loan account.

1. Select Make Repayment from the action bar.
2. Accept the default Transaction date or select a different date from the calendar pop-up.
3. Accept the default Transaction amount or type a different repayment amount.
4. Select Payment type from the list.
5. Click + to add payment details (optional).
   1. Account#
   2. Check#
   3. Routing code
   4. Receipt#
   5. Bank#
6. Type relevant notes.
7. Click Submit.

The loan account repayment will be recorded and the repayment schedule and loan summary will be updated with the payment information.

Related articles

• Page:
  Share Accounts
• Page:
  How to Prepay a Loan Account
• Page:
  Using collection sheet or other payment types for making payments
• Page:
  How to Assign a Loan Officer
• Page:
  How to Add a Charge to a Loan Account