How to create a payment entry for a client
Funds Disbursed -
A client has borrowed from the fund or the fund is closed and funds re-payed a straightforward account entry is required. The prerequisites are that a bank account and investment fund must have all been previously set up. Refer to Create a New Syndicate or Fund and Create a new Investment Enquiry
You are entering and confirming that the payment has been made from the fund bank account. Have your bank statement available.
- Use Main Menu to select {Syndicates} > {Payments} > {Funds Disbursed} to open the Funds Disbursed view.
- In the Search panel select the Syndicate and if necessary use the additional filters to identify the correct client account.
- Select the correct bank from the drop down list in the {Funds disbursed bank account}.
- Select to highlight the client (as per your bank account statement).
- Click [Confirm Funds Disbursed] to open the Confirm Funds Disbursed dialog window as below.
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.
- {Funds Disbursed Date} - confirm the date as per your bank account statement.
- {Transaction Method} - select from the drop down list.
- {Funds Disbursed} - enter the sum paid from your bank account statement.
- Click [OK]
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