Check the allocation before saving
Enter the borrower, amount received and payment date. Add the payment reference and receiving account when available. Review how much is applied to interest, principal and any recorded charges under the agreement.
A single receipt can cover several agreements for the same borrower. Review the allocations per agreement and identify any unapplied amount. Held credit can be tracked and reviewed for a later application or refund in an enabled workspace.
See interest in the context of the agreement
Review when interest accrues, when it becomes due and what has been paid. FolioPact displays the agreement’s dates and terms alongside the dated activity that affects the balance.
Try the public interest and repayment calculators with sample amounts. Use the recorded agreement and its ledger when checking a saved balance.
How a ₹20,000 receipt can be allocated
| Allocation | Amount |
|---|---|
| Interest due | ₹4,000 |
| Principal repayment | ₹15,000 |
| Held borrower credit | ₹1,000 |
| Total money received | ₹20,000 |
Illustrative allocation. The amounts applied depend on the agreement terms and the split reviewed for that receipt.