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.
Use Enter.
Select an Investment ID and enter Interest Payment Amount.
Select or deselect Post Difference 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 Transaction description for each investment by clicking the lock icon next to the Transaction 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 transaction description 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 the investment to process payment adjustment.
Choose the Adjust option.
Enter the transaction post date (Tran 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 (Tran 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.

Learn More

	Learn how to Post/Delete a J/E
	Post Investment Payments
	Adjusting Investments (Including Closing)