How to Make an Interest Accrual Adjustment on a Daily Simple Interest Loan

How to Make an Interest Accrual Adjustment on a Daily Simple Interest Loan

In some cases when the Daily Interest was or is accruing at the incorrect rate, you may need to adjust the Accrual Balance either in a negative or positive amount.
  1. Select Customer Service
  2. Select Other
  3. Select Accrued Interest
  4. Enter the amount that needs to be added or removed under the field Accrual Adjustment 
  5. Select ok
Note: You will see the adjustment after you have run the end of day process.

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