CASH OR CHECK LOAN PAYMENT

 

This procedure is a step-by-step explanation of a very basic loan payment made using cash or check.

For more complex transactions refer to your manual.

 

1.                  Go into Program #2.

 

2.                  Enter the account number of the member.

 

3.                  Press `HOME` to lock in the account.

 

4.                  `Funds-Received-Detail` will be highlighted.  Press `HOME` to choose it.

 

5.                  On the appropriate line enter the amount of cash and/or checks received.

 

6.                  If the member has told you an amount of cash he wants to receive back, enter that amount in the `HOLD` field.  If not, use 'ENTER' or the Down Arrow to highlight `Loan-Payment-Credit`.

 

7.                  Enter the amount to be paid to the loan using one of the following methods:

1.     Enter the amount manually (i.e. 100.00)

2.     If all funds received are to be applied, press the `F1` key to in pull that

        amount.

3.     If all funds except those in the `HOLD` field are to be applied, press the

        `F2` key to pull in that amount.

 

8.                  Enter the LOAN NOTE NUMBER for the loan to which this payment is being applied.

OR

If a normal payment is to be made, you can use the  " \"   (igit) key to automatically pull in information.  The first time you enter  " \ "  you will be indicating which note number is to be chosen. 

 

Example:  One  " \ "   will input the note number of the top loan display on Program #2

  Two  " \\ "  will input the 2^nd, etc.

 

After the note number is chosen, press   \  (located by the right shift key on the keyboard)  to enter the regular loan payment amount automatically.    (Press `F8` to see the help window)

 

 

9.                  When all deposits and payment have been entered, press `ESC`.

 

10.              Press `F11`.

 

11.              Enter your Teller Password.

 

12.              If this is the last transaction you have to do for this member, press `F9` to print the voucher.  If you have other transactions to do for this member, press `ESC` and continue with this voucher. 

 

CAUTION:  If you make a mistake and need to reverse a loan payment, it MUST be done 

                     using the `Loan-Payments/Charges` window.