Loan Principal/Interest Estimation
Jump to navigation
Jump to search
Overview of IL437
The Loan Principal/Interest Estimation report displays an estimation of the expected amount of principal and interest collected through a specified number of periods. The report output displays the loan number, rate, principal balance, GL number, and estimated interest and principal over the number of periods you specify. To run this report:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Loans
- Double-click Reports
- Double-click 437 Loan Principal/Interest Estimation. 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 |
| Based on | Click the drop down arrow to select either Months or Years |
| Periods | Click the drop down arrow to select the number of periods to display on the report. Your options are: 10, 12, 15 or 20 |
| Ending date | If you want to establish the ending date of the report, you can do so here. Type the date in mm/dd/yyyy format or click the calendar icon to select the date. Remove the date if you do not wish to use an ending date |
| GL account | If you wish to report on a particular GL account number, you can do so here. Type the GL number or click
the list icon to select from a list of active GL account numbers in the system. Leave the field blank to report on all GL numbers |
| Loan types | If you wish to report on one or more loan types, you can do so here. Type the code or codes, separated
by commas, or click the list icon to select from a list of active loan types in the system. Leave the field blank to report on all loan types |
| Loan number | To run the report for a particular loan, type the loan number here or click the list icon to select
from a list of loans in the system. Leave the field blank to run for all loans |
| Display loan details | If selected, the loan detail information will be included on the report. If it is left blank, the report will run in summary mode |
| Display remaining periods column | If selected, the loans' remaining periods will be displayed in a final column. If not selected, the information will stop at the selected number of periods |
| Sub Total by | Click the drop down to select how to sub total the report. Your options are by GL or by category/rate |
| Substitute interest rate/in place of | If you wish to substitute an interest rate in place of another for the purposes of this report, you can do so. Type the substitute rate and the rate it should be calculated in place of. Leave at 0 to report interest rates as is |
Detail Explanation
- Consider whether to rollup results by month or year
- Search all loans
- Consider loan number criteria if provided
- Find transaction history as of provided base date
- Exclude loan if no transaction history found as of base date
- Only include loans with in process or fully advanced loan status
- Consider gl account criteria if provided
- Consider loan type criteria if provided
- Round up accrued interest, regular payment, and principal balance to the nearest dollar
- Setup a realistic next payment due of the 1st of the month if none provided as of the base date
- Determine next loan payment date on or after the base date
- Substitute provided interest rate if the loan interest rate is greater than the provided interest rate
- Perform interest accrual between the last interest date or force 30 days of interest based on user provided report criteria
- Only perform loan interest estimation on loans with a fully advanced loan status
- Tally up principal collected and interest collected and slot in the appropriate report column
- Find the next loan payment due date and repeat
- Display the remaining principal balance in the last report column based on provided report criteria
- Results sorted by gl account or loan type and rate
Print Options
After clicking the Print Options button you will see the following options. Choose the desired options and click OK to return to the report parameters screen.
| Option | Description |
|---|---|
| Printer | Click the drop down arrow to select from a list of available printers. DDI Connect uses your default printer unless told otherwise |
| Format | Click the drop down arrow to select from a list of available formats. Select paper size, number of columns, and number of rows for printing. Each report has built-in format defaults. Select “Use Defaults” to use the built-in report defaults. The number of rows and columns controls the print size and amount of information per page |
| Memo | If you wish, you can add a memo to the output of the report. NOTE: It is recommended that Word documents be saved with the .docx extension |
| View Report | This option generates a pdf file that is displayed on the screen when the report is generated |
| Archive Report | If this option is selected, the system will archive the report in the DDI Connect report archives. For information on working with archived reports, please reference this page: Archived Report Viewer |
| Print Report | If selected, the system will generate the report output to your default printer. NOTE: You will also receive a pdf version of the report, displayed on your screen |
| Print via PDF | Prints directly to your printer. |
| This option allows you to send a .pdf attachment of the report to the indicated users' email addresses. When OK is clicked, a dialog box will open requesting a recipient | |
| Duplex/Top | Prints the report on both sides of the paper in landscape style. The printer must be capable of printing on both sides or an error will occur |
| Duplex/Side | Prints the report on both sides of the paper in portrait style. The printer must be capable of printing on both sides or an error will occur |
| Green bar | Adds shaded, horizontal bars to the report, making it easier to read across columns |
| No dialog | Selecting this option means that no ‘Report Completed’ dialog will display after the report has been generated |
| Extra copies | If you want extra copies of the report generated, type the number in this field |
Click Start. 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.
