Manage funds disbursed to clients who have borrowed from the fund. Funds paid out of the fund bank account as a return to investor, interest or loan to a borrower.
When the syndicate/fund was set up you had the choice to tick {Create a bank for use by finance?} should the fund need to loan to third parties and to charge interest and run a loan book. If you cannot see your syndicate/fund then you may not have selected to run a loan book.
- To open click in the Main Menu {Syndicates} > {Payments} > {Funds Disbursed}.
- The Search panel automatically opens. Selecting the Syndicate of interest is essential then the continue with entering additional filters, as needed, to identify the client account.
- {Funds disbursed bank account} - it is mandatory to select the appropriate bank account for the fund selected.
- Funds disbursed - work area quick button group.
- Click to highlight the account of interest.
- [Confirm Funds Disbursed] - click to open the Funds Disbursed window.
- [View Summary] - click to open the highlighted account Summary View in the Finance work.
- [Edit] - click to open the highlighted account in the Edit view in the Finance work.
- [Refresh] - refresh the current view.
- Confirm Fund Disbursed - enter the payment details to confirm funds disbursed from the bank account.
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