Post Investment Interest Income Payments

These steps explain how to post investment interest income payments.

Option #1 - Process interest payment via payment processing tool

Launch Tool #1970 Post Investment Payments.
Select Interest.
Enter Branch (if applicable).
Enter in Offset G/L Account; this would be where you want to offset these payments if posted to GL. If posting has already occurred in the accrual GL by teller or corporate posting, then enter in your accrual GL.
Press enter.
Select Investment ID and enter interest amount received/paid.
Select or Deselect "Post Dif f to Income" - There will be a value (+/-) if investment accrual is over or under accrued. If you select to post, this will automatically zero your accrual balance on your investment subsidiary.
Change the Default Transaction Description for each investment by clicking the lock symbol next to the description field (if applicable). If you choose not to change the description, all payments processes will have the description of what is in the default field.
Post/Create J/E.
Launch Tool #61 Create/Post GL Journal Entries to post J/E if applicable, or delete J/E if entry to G/L is not needed.

Option #2 - Process interest payment via adjustment

Launch Tool #993 INV 1: Work With CU Investments.
Select Investment to process payment adjustment.
Select Adjust.
Enter the transaction post date that the activity needs to be posted to the subsidiary record history and effective date of General Ledger entry (if applicable).
Enter the Transaction description.
Enter Debit/Credit Amount & Select G/L's to be adjusted (Accrual GL & Misc Offset G/L).
- IMPORTANT NOTE: If your accrual needs to be brought to zero, then an additional adjustment to income may need to be made.
Enter to accept the entries.
Select Comments to enter additional information on the adjustment (if applicable).
Select Create J/E.
Launch Tool #61 Create/Post GL Journal Entries to post J/E (if applicable), or Delete J/E if entry to G/L is not needed.

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