Enter Payment

The Enter Payment page lets you enter Loan Processing Payments.

Name Search

To find the borrower for the payment:

1. Choose the Application from the drop-down list:
   • All Applications
   • Accounts Payable
   • Accounts Receivable
   • Donors And Gifts
   • Payroll
2. Check or uncheck the Only Active? box as needed.
3. (Required) Enter the Name to search. By default, the Name field searches for last names and organizations. To search for first and last names, enter your search in the "lastname, firstname" format. Enter an asterisk (*) to search all.

Note: Search for just a first name by starting your search with a comma (for example, ", James"). Display a complete list of names by searching for just a comma.

1. You can also search by City and State.
2. Click Search.
3. Select the name for which you are creating the transaction and click Select. Alternatively, click the Close link to return to the previous page without selecting a name.

Payment Update

1. Select the Account # (the loan to which you wish to apply the payment) from the drop-down list.
2. Select the Payment Date.
3. Type the Check #.
4. Enter the Payment Amount.
5. Enter the Original Principal.
6. Enter the Outstanding Balance.
7. Enter the First Date (first payment date).

The selected loan payment is displayed on the right.

Note: The Payment Amount is distributed automatically: first to interest (up to the outstanding amount), then to principal (up to the outstanding amount), with the remainder going toward additional paid principal.

Details

The second and third columns display the following information for the selected loan:

1. Interest Thru: The date through which interest has been invoiced.
2. Unposted Interest: Interest calculated through the current date but not posted (applies to simple daily-interest-type loans only).
3. Outstanding Interest: Total interest due at the time of payment.
4. Outstanding Principal: For simple daily-interest loans, the principal balance to be paid off is displayed. For traditional loans, the current principal balance due is displayed.
5. Last Payment Date: The date of the last payment.
6. Last Check #: The check number of the last payment.
7. Last Amount: The amount of the last payment.
8. Last Draw: The last amount drawn on the loan.
9. Last Adjustment: The most recent adjustment to the loan.

The Interest, Principal, and Additional Principal fields auto-populate based on the Payment Amount. You can lower the amount paid toward Interest, which automatically increases the Additional Principal field. If you reduce the amount paid toward principal, the Additional Principal field increases accordingly. Loan Processing does not allow overpayment in the Interest or Principal fields.

Type the Late Fee if desired. To enter a draw against the loan, type a negative amount in the Payment Amount field and a positive amount in the Draw field. This will increase the principal owed against the loan.

Note: The Late Fee field is displayed only if you have specified a Late Fee Account in Preferences.

The Adjustment Amount field lets you write off principal or forgive past due interest. The amount entered in the field increases the amount available for distribution when paying down interest or principal due.

Attachments Tab

The Attachments tab lets you attach files from your device or scan image files using the Scanner.Client.exe program. See the Attachments Help Page for detailed information about the attachments feature.

Note Tab

Enter a note in the field provided if you wish.

When finished, choose one of the following:

1. Apply: Saves the payment and starts entering a new payment.
2. Update: Saves changes to the payment and returns to the Payment Processing page.
3. Reset: Undoes all changes since the payment was last updated.
4. Cancel: Returns to the Payment Processing page without saving your changes.

Updated July 10, 2026 19:37