Delete a loan payment

You can delete a loan payment if the following criteria are met:

• The loan account has not been paid off or fully written off.
• Interest and statements have not been generated for the period.
• The general ledger is opened for the period.
• One of the following is true:
  • The payment is currently recorded as undeposited funds and the deposit has not yet been processed. Also, the other receipt in Cash Management has a state of Approved.
  • The payment has been deposited to a bank account.
• For non-revolving (amortized) loans:
  • The payment did not result in the loan being reamortized.
  • The loan was not reamortized any time after the payment was posted.

1. Go to Lending Management > All > Payments.
2. Find the loan payment that you want to delete.
3. Select More actions > Delete at the end of the row.
4. In the delete confirmation message, select Delete. If you decide not to delete the loan payment, select Cancel.