Navigation:  Loan Screens > Account Information Screen Group > Amortizing Fees And Costs Screen > General Ledger Information field group > Earned Fee

Entry: System, numeric

F/M: No

Mnemonic: N/A

Screen: Loans > Account Information > Amortizing Fees And Costs screen

 

This field is calculated. It displays the amount of the fee or cost that has been earned by your institution as this borrower makes his or her monthly loan payments including any amortized fees or costs included in the loan payment.

This field is calculated as follows:

Original amount - G/L Remaining = G/L Earned

The 451 mod 1 transaction is used by the afterhours to amortize the fee. This transaction is not available in GOLDTeller. Afterhours function 87 must be set to run at monthend to allow the fee to amortize correctly.