Related Articles
Stored Amortization updates through processing and Amortization Update Job
To allow for more efficient data gathering, ASPIRE will store a copy of a contract's amortization. This amortization is updated, generally, in two ways: through normal contract processing and via the Amortization Update Jobstream job. Below is a ...
Loans: Same as Cash Period
What does the Loans "Same as Cash" functionality do? When utilizing the Loans Module, you can turn on the Loans "Same as Cash" functionality which will allow you to process the payments and have ASPIRE apply 100% of the payments toward Principal Only ...
Loan Payoff Immateriality Amount setting in Accounting Options > Loans - Video
The video discusses the "Loan Payoff Immateriality Amount" setting that is held within the Administration > Accounting > Accounting Options > Loans tab. This setting will allow the user to process a Loan Payoff within the Tasks > Cash Management ...
Are Payoff Penalty Codes different for Leases vs Loans?
Penalty Fee functionality is actually there regardless of the contract being a lease or loan. The Contract Main > Billing screen has a field called “Penalty Code” that must be populated prior to performing the payoff calculation before the Penalty ...
Booking Assets from Inventory setting in Accounting Options - Videos
Within the Administration > Accounting > Accounting Options screen, there is a setting regarding Booking Assets from Inventory. The Capital Leases tab, Operating Leases tab, and Loans tab all contain this setting. The below videos will explain the ...