Split one payment across several loans
Allocate one cash receipt to multiple compatible loans without recording the same cash more than once.
Choose the first loan
Start Record Payment for the borrower and intended first loan. Enter the actual cash amount, effective date and receiving account.
Add compatible loans
Use the multi-loan allocation controls for other loans belonging to the same borrower, legal lender and currency. Another lender’s loan or a loan in another currency cannot share this ordinary receipt.
Assign a share to each loan
Specify how much of the receipt belongs to each additional loan, then review each loan’s interest, principal, capitalised interest and charge split. The main loan receives the remaining available amount for its suggested split.
Review the receipt as a whole
The sum of all loan allocations must not exceed the cash received. Any remainder is borrower credit with that lender. Check every loan section and the receiving account before confirming once.
Verify one receipt and several allocations
After saving and refreshing, inspect each loan and the borrower statement. There should be one cash receipt with its reviewed allocations. Correcting this receipt affects the whole multi-loan receipt, not one allocation in isolation.
Check your result
- All selected loans share borrower, lender and currency.
- The total allocated does not exceed the one receipt.
- The receipt is counted once in cash reports.