Modify Preferences

Modify Preferences lets you change General Ledger interface settings and invoice and statement printing settings. There are three tabs: General Ledger Information, Invoice Printing Information, and Statement Printing Information.

General Ledger Information

1. Select whether you want to use the cash basis.
2. Use the drop-down list to select the default Bank Account for new loans.
3. Specify the General Ledger levels and account information:
   • Default Principal Account: The asset account to which principal loan payments are credited.
   • Default Interest Account: An income account to which interest payments are credited.
   • Adjustments Account: Usually an expense account.
   • Late Fee: Usually an income account.
   • Accounts Receivable: Asset account (inactive if Cash Basis is selected).

Cash or Accrual Basis

Accrual Basis causes Loan Processing to send entries to the General Ledger both when invoices and payments are posted. The income account is credited, and the accounts receivable account is debited when invoices are posted. The bank account is debited, and the accounts receivable account is credited when payments are posted. Cash Basis causes Loan Processing to send entries to the General Ledger only when payments are posted: the income account is credited, and the bank account is debited.

Bank Account

The bank account used for General Ledger journal entries originating in Loan Processing is based not on the Current Financial Settings but on the Bank Account selected on this page.

Invoice Printing Information

1. For Print Invoices, select Do not print invoices, Use Default Form, or Custom Form.
2. If you select Custom Form, click the Choose File button to select the custom invoice form you wish to use. If a custom form is already selected, click the Edit icon, then click the Choose File button to select a new custom form. The custom invoice form needs to be in HTML format. The following fields are available:

3. Click Test Print Form to preview how your form will look.
4. Click the Download Form button to download a copy of the currently selected invoice form.

Statement Printing Information

1. For Print Statements, select Do not print Statements, Use Default Form, or Custom Form.
2. If you select Custom Form, click the Choose File button to select the custom statement form you wish to use. If a custom form is already selected, click the Edit icon, then click the Choose File button to select a new custom form. The custom statement form needs to be in HTML format. The following fields are available:

3. Click Test Print Form to preview how your form will look.
4. Click the Download Form button to download a copy of the currently selected statement form.
5. When finished, click the Update button to save all changes, the Reset link to undo all changes since the last time Preferences was updated, or the Cancel link to return to the main Loan Processing page without saving.

Updated July 11, 2026 02:48