A loan's Status updates before the loan transactions shown in the reports section updates. This means that the Status of a loan may not match the transactions for a short time. For example, the loan Status may show that loan/s are in arrears, but the arrears amount may be displayed as $0.00. When the loan transactions are updated, the arrears amount will update to show the actual amount in arrears.
Written by Mitch
Updated over a week ago