Defining Loan Options

The topics in this section describe how to set up the system to enable loan functionality.

Note:

Loans are optional. The system configuration requirements described in this section are only relevant if your organization loans money to customers.

• The Terms Of A Loan Are Stored On A Service Agreement
  
• Payoff Balance and Current Balance for Loans
  
• Booking The Principal Amount Using An Adjustment
  
• Loan Amortization Schedule Calculation
  
• Billing For Loans And Interest Calculation
  
• Paying What Is Owed
  
• Overpayments On Loans
  
• Adjusting Loan Amounts
  
• Writing Off Loans
  
• Distribution Codes for Loans
  
• Setting Up The System To Enable Loans