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In this tutorial we are looking at the Cash Draw Down Transaction.

We start by looking at the Loan Master because we must have a Draw Down listed there otherwise we cannot Process the Cash Draw Down.

 

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When we first insert the Capital Amount of a Loan, the System will automatically list a Draw Down entry for it.

This Draw down Entry can be used or it can be split up and edited to be done in multiple Draw Downs.

 

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On the left hand side we can see a Draw Down that has already been processed and on the right hand side we see the Allowed Cash drawings that are still possible.

Now this list of course can be changed at any time, but when we perform a cash Draw Down Transaction, then the 1st entry on this list, is the only Draw Down that will be acceptable and we must be on or past the Date listed.

 

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When we select the correct Loan for the Draw Down, then the System is automatically going to insert the Draw Down Amount because the System gets it from the List on the Loan Master.

 

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So we specify the Bank Account where the money is being drawn from, to provide the cash.  And we have the Option to Print a Cheque.

 

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So that is how we perform a Cash Draw Down.