Set up loan payment suggestions
Save a dated principal balance and review the suggested payment details.
On this page
Create or edit the loan
Open Accounting > Loans and use Add loan or the existing loan’s edit action. Review name, type, property or portfolio scope, current principal and Statement balance date.
Enter supported payment details
Review monthly payment, rate, escrow, term and first-payment fields where offered. Select the withdrawal account and suggested matching preference; the monthly payment includes escrow.
Review actual withdrawals
Save and inspect the loan. Open the matching imported withdrawal or Record loan payment and compare its actual components before confirming the reviewed recording.
Check the result
- The saved loan shows the reviewed suggestion and dated principal balance, with actual payments reviewed separately.
FAQs
Does a saved suggestion guarantee the principal split?
No. Compare the actual lender statement. Extra principal, interest-only payments and changed escrow can differ from the suggestion.
Does this create the loan’s ledger opening balance?
Review the separate opening journal. A tracker’s dated principal balance is not automatically a complete opening debt entry.