This section describes the steps required to record a repayment on a loan account held by a group.

The following methods are available:

• Collection Sheet
• Repayment via cash or a similar payment type

For repayments on client loan accounts, see How to Make Repayments on a Client Loan Account.

For repayments on JLG loan accounts, see Using a Collection Sheet or Other Payment Types for Making Payments.

To Make a Repayment Using the Collection Sheet (and Productive Collection Sheet)

UNDER CONSTRUCTION – The Collection Sheet is a way to create bulk transactions for loan repayments. Collection sheets …

To Make a Repayment Using Cash or a Similar Payment Type

1. Locate the loan account by navigating to it through the group that holds the loan account.
2. Select Make Repayment from the action bar.
3. Accept the default Transaction Date or select a different date from the calendar pop-up.
4. Accept the default Transaction Amount or enter a different repayment amount.
5. Select the Payment Type from the list.
6. Click + to add payment details (optional):
   • Account #
   • Check #
   • Routing Code
   • Receipt #
   • Bank #

1. Enter any relevant notes.
2. Click Submit.

The loan account repayment will be recorded, and the repayment schedule as well as the loan summary will be updated with the payment information.ion.