Basic Daily Functions of LP3
- Create / Take Loan Application and Save
- Post Loan Payments (Take a Payment)
Cash, Check, Credit/Debit Card, Money Order - Make a New Loan (NL)
- Make a Former Borrower (FB) Loan
- Renew a Loan – Borrower Renewal (BR)
edit High Credit – Increase or decrease the amount of money a customer can borrow
renew with cash back to customer
renew without cash back to customer (Customer Pays) - Collect Past Due Accounts
- Post Expenses
Bad Debt, Credit Report, Rent, Utilities, Office Supplies, Etc… - Post Deposits
Cash from Corp/Home Office for loans, Cash from cash drawers to Bank Account - Balance Cash Drawer
- Setup Accounts for Charge Off