Processing a Line of Credit Payment
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:
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:
Double-click the item you wish to process. This will activate the Transactions tab:
Double-click the Line of Credit Transactions menu item. The sub-menu will appear:
Double-click Line of Credit Payment. This screen will now display:
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:
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:
Click OK. You will be returned to the Payment Processing screen.
