Loan repayment

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To create a bank payment to record a loan repayment to a lender:

1. Do one of the following:
   • To generate a bank payment based on a source document, select or open the source document. Then, click Generate > Bank payment. For example, a source document can be a loan contract with Loan type = Borrowed.
   • To create a bank payment from scratch, go to Cash management and under Bank, click Bank payments. Then, in the Bank payments list, click Create.
2. Specify general details:
   • Set Operation to Loan repayment.
   • Select Lender to indicate a payment recipient.
   • Specify Loan contract that you make a payment for.
   • Fill in Amount to indicate the total payment amount.
     To enter the amount manually, first, click button (pencil icon will become green). To automatically calculate the amount as the Payment details tab is filled in, click button (pencil icon will become grey).
   • Fill in Account to indicate a company’s bank account to pay from.
   • Fill in other fields as necessary.
3. On the Payment details tab, specify payment details:
   • To populate the payment details from the specified loan contract, click Populate with loan installments or, in the bank payment's general details, click next to the Loan contract field. Then, select the payment details that you want to populate. For details, see Populating payment details from loan contract.
   • To add the payment details manually, click Add and fill in the details.
4. Optional: On the Additional information tab, specify additional information.
5. Click Post and close.

Populating payment details from loan contract

To populate payment details from a loan contract:

1. On the Payment details tab, click Populate with loan installments.
2. Select the payment details that you want to populate. Consult the following table:

   Field	Description
   Next payment	Add the installments of the current scheduled payment. For instance, if payments are scheduled for the first day of every month, this adds the payment for the first day of the current month.
   Previous payment	Add the installments of the previous scheduled payment if they are still unpaid. For instance, if payments are scheduled for the first day of every month, this adds the payment for the first day of the previous month.
   Remaining debt	Add the total unpaid amount of the loan principal and accrued interest and commissions. The accrued interest and commissions comprise only the amounts registered in "loan interest(commission) accruals" documents.
   Complete early repayment	Add the total unpaid amount of the loan principal, interest, and commissions. The interest and commissions comprise the amounts registered and the amounts not yet registered in "loan interest(commission) accruals" documents.
   Overwrite existing data	Clear the payment details from the Payment details tab before populating payment details from the loan contract.

3. Click Fill.

The selected payment details appear on the Payment details tab. You can edit them.

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