Guide Steps
Setup company setups for interest earned to borrower first
Navigate to Loans > Overview of desired loan, click the Actions button and select Pay Interest Earned to Borrower.
1
Enter the Loan System Number (if different from desired loan), the Contact Code of vendor, select the Fund Source, type in Interest Rate if no default rate has been setup, then specify the End Date of interest calculation.
Click Ok when finished.
2
Tag the line item to be paid and then click Continue.
Click Cancel and go to the voucher/draw if you need to make any changes.
3
Guide Screenshot Reference
