Since the program is doing all the calculations for you, i.e. interest, principle, late fees, discounts earned, new loan balance, and next due date, this screen gives you an opportunity to verify and change by over-typing any automatic calculation.
CAUTION should be taken here as this payment and all future payments will be effected by your manual change.
Tab to any field you wish to change and type the desired amount.
IMPORTANT: If Principle, Interest, or lates Fees are changed, you MUST manually change the New Loan Balance as there are NO automatic calcuations taking place on this screen!
OK accepts the entries and returns you back to select loan for payment window. If you find any mistakes after saving, just delete and re-enter.
CANCEL return you to the Payment Select window without saving this payment.
INDIVIDUAL USERS
CREDIT CARD activity. This program helps give you an over-view by payments as to the activity of this type of an account. It is not intended to itemize your purchases. The monthly statement does that for you. By having a Minimum Payment Amount entered in Loan Set up with a starting due date, you will more accurately determine your total monthly payments for a given month. Also, you can see which card is most used and whether there are late payments appearing. With it on the loan listing, you are reminded of the payment being due.
