Post Investment Principal Payments

These steps explain how to post investment principal payments.

Option #1 - Process interest payment via payment processing tool

Launch Tool #1970 Post Investment Payments.
Select Principal.
Enter Branch (if applicable).
Enter in Offset Principal G/L Account.
Press enter.
Select Investment ID and enter principal paydown amount.
Change the Default Transaction Description for each investment paydown by clicking the lock symbol next to the description field (if applicable).
- If you choose not to change the description, all payments processed will have the description of what is in the default field.
Press enter and select Add/Update.
Select printer to print activity, select print.
Select 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 principal paydown.
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 Credit Amount & Select G/L's to be adjusted (Principal GL & Misc Offset G/L).
Press 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 if applicable, or Delete J/E if entry to G/L is not needed.

Learn More