Reconciling Repayments
Funders should communicate all repayments received to the platform admin on a daily basis. The communication should include the repayment reference and the amount received.
Once the platform admin receives the repayment information, they need to log in to the Admin Portal and reconcile the repayments.
Reconciling repayments
In order to reconcile repayments, do the following:
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Log into the Admin Portal and open the Payments page.
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Use the filters to search for the payments that you need to reconcile. Use the payment reference column to search for a payment reference.
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Select the invoices you would like to mark as paid. As you select invoices you will see a running total at the top of the table.
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Click Mark selected invoices as paid to reconcile the repayments. This action is not reversible. The system will consider the repayments for the selected invoices have been received and the reconciled funds will be made available to reinvest.
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Lastly, the statuses for the invoices will be updated to Paid.
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