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 ...
PRE-REQUISITE: A Payoff Penalty Code must be configured within Administration > System Setup > Codes & Types How to Use the Payoff Calculator: 1. Ensure that your Contract has a Payoff Penalty Code set on the Contract Main > Billing screen prior to ...
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 ...
Due to limitations within older versions of ASPIRE (prior to 5.20.41), upon processing a check payment receipt for a Loan Payoff, you are unable to process that same check across any other invoices at the same time. You must first process the check ...