Loan Schedule Adjustments!

We’ve Made Loan Tracking Even Smarter – Just for You! 💡

We’re excited to introduce a new improvement that makes loan management more flexible and accurate! 🎉 The Loan Schedule now automatically adjusts for backdated transactions, so repayments reflect the actual date they were made—not just when they were posted.

This means tellers can now post repayments based on when the payment actually happened, giving you cleaner, more precise loan records.

How to do it?
It’s simple! Just click on “Partial Payment” when recording the repayment. From there, you’ll be able to choose the correct payment date, even if it’s in the past. The system will handle the rest—updating the schedule accordingly and keeping everything on track.

✅ A few benefits of this update:

• Accurate loan balances – Even late entries won’t throw off your schedule.
• Better reporting – Get a true picture of loan performance and member behavior.
• Fewer errors – No need to manually adjust or explain mismatches.
• Improved trust – Members see repayments reflected as they happened.

More control, less confusion