Loan Payoff Immateriality Amount setting in Accounting Options > Loans - Video

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 screen that is less than the actual amount due if the amount received happens to be LESS THAN the Loan Payoff Immateriality Amount and will consider the Loan Paid in Full so that the user can continue on to terminate the Loan Contract.

The default setting is $0.00.

Click HERE for the link to the video.



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