How to post batch loan repayments.

Created by Judy Macharia, Modified on Sun, 24 Sep, 2023 at 8:28 AM by Judy Macharia

  • Check the correspondent boxes for each repayment/account

  • Under the "Date paid" column specify the date for which you want the transaction to reflect

  • Under the amount column, specify the loan repayment amounts

  • Click on Post Repayments

  • In the new window add the required details

  • Then click on Post Repayments.

When posting the repayments you can specify the transaction channel to be used for all the repayments in the batch, along with any transaction details (such as a check or receipt #), and a backdate if needed. 

All of these will be applied to all payments in that batch.


Filtering Repayments

In order to filter the accounts/repayments that you wish to process or print:
Go to Transactions > Repayments Collection > click on the dropdown menus to filter the repayments per branch, centre, credit officer, group and dates > click on Filter.

View Repayments vs View Accounts
If you select the View Repayments  option, you will see all the repayments (installments) that fall due within the selected dates; e.g. you might see more than one repayment due for the same account if the range is 2 weeks and the account has weekly payments. The amount displayed for each row will be the repayment amount expected as per the schedule. The Date Paid and Amount Paid fields will be populated with default values from the repayment schedules of those accounts, assuming that the client paid on the due date, the exact amount due.

When selecting the View Accounts  option, you will see the total amount due for each account as of the specified date (i.e. a sum of all amounts due up to that date, if the customer missed several installments). When selecting this view you can only select a single date, opposed to a date range.

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