Navigation:  Loan Screens > Account Information Screen Group > Precomputed Loans Screen > Amortization of Interest to G/L field group > Earned Interest

Entry: System, numeric

F/M: No

Mnemonic: WKTOT

Screen: Loans > Account Information > Precomputed Loans screen

 

This is a system-entered field that is not file maintainable. It is the amount of interest that has been earned by your institution since the date the loan was opened up to the date last amortized. On the amortization date, interest for the month is calculated and posted to the General Ledger.

 

Also see help for the Method field to see how the system amortizes interest.