How do I adjust an account to reflect an additional advance of funds, a modification, fees added, etc?
Choose Cash Adjustments from the Transactions menu. Scroll down to the appropriate code you want to use, such as 111 for Cash Advances, 117 for Misc. Fees Added, 180 Adjustments, etc. Enter the date of the adjustment (will default to system date), key in correct Paid to date (you will have to press enter on this field for the SAVE button to come up) and the amount adjusted. If you are increasing the balance, enter amount as a negative. Positive will decrease the balance. Amount will automatically allocate to Principal. Key in the appropriate GL# for the adjustment, verify your next due date and click Save.
Related Questions
- Can funds to cover administration fees be added to the account in excess of the deductible amount? Can these funds be added pre-tax (if they exceed the deductible) as well?
- How do I adjust an account to reflect an additional advance of funds, a modification, fees added, etc?
- How Are Additional Funds Added To The Account?
