Line of Credit Month End Interest Accrual
Jump to navigation
Jump to search
Overview of IL824
The Month End Interest Accrual process accrues interest on each line of credit through the current month end date. You can run this process in preview or update mode. The report output includes information such as the line number, line type, credit balance, interest rate, and month end interest balance. To run this report:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Line of Credit
- Double-click Reports
- Double-click 824 Month End Interest Accrual. The parameters screen will launch:
The following fields are available on this screen:
| Field | Description |
|---|---|
| Base date | Enter the date you wish to use. You can type it in mm/dd/yyyy format or click the calendar icon to select the date |
| Line # | If you wish to run this process for a specific line #, type the number here or click the list icon to select from a list of lines in the system |
| Update | If you wish to update the line records, select this box. Otherwise, leave it unselected to run in preview mode |
| Status | To run the process for a specific status, click the drop down arrow to select your choice. Leave "All" selected to update regardless of status |
Click Start. If you selected update, you will be prompted with this message:
If you wish to proceed, click Yes. The system will generate the report based on the parameters you selected, and display the results. Click below to view a sample of this report.
