Difference between revisions of "Processing a Line of Credit Payment"

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(Created page with "=='''Overview of IL805'''== Category:Line of Credit")
 
 
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=='''Overview of IL805'''==
 
=='''Overview of IL805'''==
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Once a cash receipt is accessible through [[Payment Processing IL|Payment Processing]], it is available to use in the application of a line of credit payment. Enabling access to the payment through Payment Processing requires that your organization first set it up as part of a payment batch in [[Cash Processing Stage 1]].
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* From the DDI Connect main menu, double-click Financial Services
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* Double-click Data Processing
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* Double-click Payment Processing. You will see this screen:
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[[File:LOC Payment 1.png]]
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Locate the batch that you wish to work with and click on it. The detail area of the screen will now list the items waiting to be processed:
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[[File:LOC Payment 2.png]]
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Double-click the item you wish to process. This will activate the Transactions tab:
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[[File:LOC Payment 3.png]]
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Double-click the Line of Credit Transactions menu item. The sub-menu will appear:
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[[File:LOC Payment 4.png]]
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Double-click Line of Credit Payment. This screen will now display:
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[[File:LOC Payment 5.png]]
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In the line # field, type the line number and click Find or click the list icon to select the line of credit that you wish to apply payment to. The information will now populate the screen:
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[[File:LOC Payment 6.png]]
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The following fields are available on this screen:
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{| class="wikitable"
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|-
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! '''Field''' !! '''Description'''
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|-
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| '''Credit balance''' || Current credit balance for the selected line of credit
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|-
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| '''Interest due''' || Current interest-due balance for the selected line of credit
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|-
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| '''Maintenance fee due''' || Current maintenance-fee balance for the selected line of credit, where applicable
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|-
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| '''Refund amount''' || Amount to refund for the selected line of credit
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|-
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| '''Current payment''' || Amount of the selected receipt in Payment Processing
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|-
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| '''Refund payee''' || This comes from the line-of-credit, master-account record. Enabled only if an amount has been entered in the Refund amount field
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|-
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| '''Refund method''' || Manner in which refund amount is paid to the refund payee. Enabled only if an amount has been entered in the Refund amount field
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|}
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When you have finished entering the information, click Save. You will see this message:
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[[File:LOC Payment 7.png]]
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Click OK. You will be returned to the Payment Processing screen.
  
  
  
 
[[Category:Line of Credit]]
 
[[Category:Line of Credit]]

Latest revision as of 18:19, 7 September 2012

Overview of IL805

Once a cash receipt is accessible through Payment Processing, it is available to use in the application of a line of credit payment. Enabling access to the payment through Payment Processing requires that your organization first set it up as part of a payment batch in Cash Processing Stage 1.


  • From the DDI Connect main menu, double-click Financial Services
  • Double-click Data Processing
  • Double-click Payment Processing. You will see this screen:


LOC Payment 1.png


Locate the batch that you wish to work with and click on it. The detail area of the screen will now list the items waiting to be processed:


LOC Payment 2.png


Double-click the item you wish to process. This will activate the Transactions tab:


LOC Payment 3.png


Double-click the Line of Credit Transactions menu item. The sub-menu will appear:


LOC Payment 4.png


Double-click Line of Credit Payment. This screen will now display:


LOC Payment 5.png


In the line # field, type the line number and click Find or click the list icon to select the line of credit that you wish to apply payment to. The information will now populate the screen:


LOC Payment 6.png


The following fields are available on this screen:


Field Description
Credit balance Current credit balance for the selected line of credit
Interest due Current interest-due balance for the selected line of credit
Maintenance fee due Current maintenance-fee balance for the selected line of credit, where applicable
Refund amount Amount to refund for the selected line of credit
Current payment Amount of the selected receipt in Payment Processing
Refund payee This comes from the line-of-credit, master-account record. Enabled only if an amount has been entered in the Refund amount field
Refund method Manner in which refund amount is paid to the refund payee. Enabled only if an amount has been entered in the Refund amount field


When you have finished entering the information, click Save. You will see this message:


LOC Payment 7.png


Click OK. You will be returned to the Payment Processing screen.

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