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Loan Servicing Software Solutions  

Bottom Line Software, Inc.  

Post other transactions screen.


This screen allow you to post any transaction the system supports. It posts only one transaction at a time and gives maximum control over what transactions you record or reverse in your system.

The Post Transactions screen posts only one transaction at a time. It can be used to post any transaction the system supports. It can be used to post regular payments but would require posting principal, interest, late charge, and escrow amounts as separate transactions.

This screen is normally used to post transactions that are not part of a regular payment. Examples include:

Reversals or corrections

Principal Advance

Charge offs

Penalties

Error corrections

This screen is the primary method of correcting errors. Any transaction posted from any screen, can be corrected here.


Posting Miscellaneous Transactions

Change the transaction date ( if necessary ). Changing the transaction date does not change any status information like interest due, late charges due, etc. It only changes the date “As Of” which the transaction was posted.

Select the transaction code from the pull down list (or enter it manually if you know the numeric code.)

Enter the transaction amount. Be careful here. If it is wrong, you will not get a chance to correct it. You will have to correct it by posting a reversal for the incorrect amount and then re-posting the correct amount.

Enter a short comment if desired.

Click the Post button.

Exiting this screen by posting the Cancel button will NOT post the transaction

 


 

Calculate Periodic Installment Loan Payment

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