Processing Loan Payments

Keep your loan balances accurate by recording payments as they are made.

Recording a Payment

1. Go to Loan Details Click on the specific loan card in the Loans tab.

2. Click 'Record Payment' Select the Payments sub-tab and click the + Record Payment button.

3. Enter Payment Details

   • Date: The date the wire was sent.
   • Amount: Total amount paid.
   • Type: Interest, Principal, or Draw.

   Tip

   If this is an "Interest Only" loan, the system will default the type to Interest.

4. Confirm Balance Update After saving, check that the Outstanding Principal balance has updated correctly (if principal was paid).