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TFS User Guide - Table of Contents

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The Payment Schedule screen displays the payments in the contract, any penalties incurred on the payment if overdue, and the amortisation schedule and payout details. This screen is for viewing purposes only. The Payment Schedule screen is similar to the Repayment Schedule screen (see Repayment Schedule) except that residual is always shown as a payment and there are more payment related details.

Opening the Payment Schedule Screen - Click here to expand...

From the Loan Contract menu, select Schedule.
From the sidebar, select Loan Contract then Schedule.

The Penalties column is the total of unwaived penalties that may apply to an overdue payment. There are two penalties that may apply:

Late Payment Fee
Penalty Interest

The penalties amount is calculated as the sum of the total of each penalty revenue item. However, if an agreed penalty amount has been paid, for example $200 instead of the calculated $300, then the paid Amount value on the Revenue dialog is used instead of the penalty revenue total. This helps show actual penalties and excludes any variance.

The Discount column in the Payout list is not currently calculated in the payment schedule.

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