Capture Payments

After uploading the Amortization Schedule, you can capture payments against each AS entry.  To record a payment, follow the below steps:

1. Click on the Cashflow link in the Action column.

2. The Instrument cashflow window is displayed. The Instrument Details panel displays the basic information of the loan instrument.

3. To add a cashflow, click on the Add Cashflow button in the top left corner of the Cashflow Details panel. The Actual Cashflow panel is activated.

4. To mark a payment as final, click on the edit icon against the Final Payment checkbox in the Instrument Details panel.

5. Mark the payment as final by clicking the checkbox. Click the check icon to save the changes. The field is automatically marked when you enter the full amount received.

6. Once the actual cashflow has been completed for an AS Entry, then in the Amortization Schedule Panel, AS entry is visible in blue background.

There are three payment-related scenarios-

• Pre-payment
• Partial payment
• Delayed payment

Pre-payment

A pre-payment is one when the payment is received towards an expected cashflow, before the due date. You can mark it as pre-payment by clicking the checkbox against the Mark as pre-payment column. Click Save after recording the payment received. 

Partial Payment

When you receive a partial payment against an expected cashflow, the remaining balance reflects in the fields. Also, if you are aware that a partial payment is only realizable against an expected cashflow, you can mark it as Final by checking the box.

Delayed Payment

A delayed payment is one when the payment is received later than the scheduled date. In the Actual Cashflow, select the date on which payment was received and validate the amounts (auto-populated as per the AS). In case of delayed payment, select the actual date of receipt and enter the ‘total amount received’. System will automatically show proportioning of total actual amount into multiple heads such as default Interest, Interest on Interest/Interest on principal and the remaining amount gets allocated to interest/principal. Make the changes as required manually. 

Note: If required manually change the amounts in the respective blocks accordingly to accommodate scenarios such as pre-payment, delayed or partial payments. 

After updating the cashflow, transactions in the Amortization Schedule Panel will be categorized in 3 colors:

• Blue color signifies full payment has been received and the transaction is complete.
• Yellow color signifies only partial payment has been received and the transaction is incomplete.
• White color signifies that payment is yet to be received and transaction is yet to be completed.

Editing A Cashflow

To edit a cashflow, click on the Cashflow link in AS Panel. Instrument Cashflow window is displayed, in Cashflow Details panel click on  Edit () icon on top of the Actual Cashflow. The fields are activated. Click Update after editing the cashflow.

Deleting A Cashflow

To delete a cashflow, click on the Cashflow link in AS Panel. Instrument Cashflow window is displayed, in Cashflow Details panel click on the Delete () icon on top of the Actual Cashflow. The delete window is displayed. Click OK to delete the record.