Repayment Operation

The "Repayment" operation is typically used for manual distribution of payment across required amount types. To create an operation, you need to go to the contract, navigate to the "Financial Information" tab and click the "Adjustments" button.

On the page, you need to select the "Repayment operation" button.

When you click the button, fields that are required to fill in will appear.

Amount type – type of amount for repayment (Principal, Interest, admin. fee, penalty on Outstanding Balance, etc.). A separate "Repayment" operation is created for each amount type; Payment - you must select Bank or Cash, depending on how the payment was received through Bank or through Cash; Operation date – payment date;

Amount - payment amount;

Off-balance – no.

Here you can also see available tranches according to the Contract terms. To select tranche dates, click on "+" next to the required dates.

In the movements section, you need to fill in the sign and amount fields; Click "Create operation"; Next, you will see information about a successfully completed operation or a warning about the inability to complete the operation.

In case you are making an adjustment and the amount needs to be repaid not in 1 tranche, but more, you need to click the "Recalculate" button and the system will distribute this amount across tranches.

Then click "Create operation".