SCENARIO 1: Correct Payment received on time

This scenario is for a Normal Payment received ON TIME and for the Correct Amount.

Click on the Record Payments worksheet.

In our example, the first payment is due March 1 2021.

We received this payment on March 8 2021. Enter 3/8/21 in Column B.

Note that you can now see the Amount Due in Column C as soon as the date is entered into Column B.

The Amount Due is shown as $929.17 which includes $200 to escrow and is the normal payment amount and the amount you received.

Enter $929.17 in Column E.

Entering a payment received on time and the correct amount

Now enter the Total to Apply this month in Column M which is $929.17.

You can also enter the Check Number in Column H and the Cleared Date in Column I.

You will note that the $200 escrow payment has been Applied to Escrow in Column N and the Total in Escrow is shown in Column O.

You have now entered your payment!

Payment received on time and the correct amount applied

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