Loan - Schedule
- 20 Mar 2025
- 2 Minutes to read
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Loan - Schedule
- Updated on 20 Mar 2025
- 2 Minutes to read
- Print
- DarkLight
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The Loan Schedule Information page shows you the payment schedule for your loan. The Schedule page (sometimes called amortization schedule or table; or payment history after recording payments) is a table detailing each periodic payment for the loan. The schedule helps indicate the specific amount that will be paid each period, along with the interest and principal that will be applied with the payment. The schedule will also provide the remaining principal balance after each period.
If you need to delete a payment, only the most recently recorded payment is available for deletion since the system derives its future calculations based on a prior period's values - this is a dependence restriction to ensure proper calculations throughout the life of the loan. For ACH payments, they can only be removed if it's a bad request. If you need a good ACH payment deleted due to a data entry error in a prior pay period, please email support@brytsoftware.com.
If you need to delete a payment, only the most recently recorded payment is available for deletion since the system derives its future calculations based on a prior period's values - this is a dependence restriction to ensure proper calculations throughout the life of the loan. For ACH payments, they can only be removed if it's a bad request. If you need a good ACH payment deleted due to a data entry error in a prior pay period, please email support@brytsoftware.com.
Options Column Buttons
ACH - pay periods with an 'Ach' button will be unique compared to the 'Note' and 'Options' buttons. Successful 'Cleared' Ach payments cannot be deleted or backed out by users, if you'd like a good payment deleted please email your request to support@brytsoftware.com. If the ACH payment attempt returned with a bad status such as 'Returned NSF' or 'Returned Other', then the user will need to go to the loan's ACH tab to correct it there. Please refer to this Guide for further information.
Note - this button shows for manually recorded payments, before the most recently recorded payment. Upon clicking the button, a dialog box will be prompted with the entered Payment Note for that pay period (shown in the image below). The most recent manually recorded payment will also have a 'Note' option but will be shown as a drop-down option under the 'Options' button instead - clicking this will prompt the same dialog box of a previously entered 'Payment Note'.
Options - this button will be available for the latest manually recorded payments (non-ACH) on the loan. The button will provide you with the ability to Delete the recorded payment, NSF the payment, or view the Note that was entered when the payment was recorded. For the NSF option, refer to the main guide here.
The Other column
The 'Other' column on the schedule will sum payments going to Outstanding Interest, Outstanding Late Fees, Outstanding Lender Fees, and the Hold Account (Unscheduled or Regular payments using the 'Enter Manually' option will show a field for the 'Hold Account', any extra funds are auto-applied to Principal but you can delete and enter the amount into the Hold account). The two screenshots below will show how an overpayment would apply to Outstanding fees and the Hold account - which you view through the Register by looking at the payment's Paid On date.
