Pay Off Debt

See also Resolving Debts for a short discussion on debt forgiveness.

Make a Payment

To pay some or all of the amount owed on a debt,

  1. Select the "Debts" tab, and click the "Paid" cell for the debt being paid.
  2. Enter information about the payment in the dialog that appears.
  3. Press the "OK" button (as always, remember that your changes are not saved until you press the estate "Save All" button).

If you make a partial payment, the next time you click the "Paid" cell you will see a dialog listing all payments for that debt to date, as well as a button to add a new payment.

To keep the estate accounts balanced, EstateExec will also automatically record any debt payment as a transaction on the Cashflow tab: you don't have to do anything extra.

Cashflow Tab

Alternately, you can choose to enter payments directly via the Cashflow tab (it just takes a few more clicks):

  1. Select the "Cashflow" tab, and click the "Create Transaction" button.
  2. Select "Withdrawal" for the transaction type.
  3. Select "Debt Payment" for the category.
  4. Select particular debt for which you want to record a payment from the Item dropdown.
  5. Make any desired changes to the default amount, date, notes, etc.
  6. Press the "OK" button (as always, remember that your changes are not saved until you press the estate "Save All" button).

In addition to creating the transaction, EstateExec will automatically reduce the amount owed on the Debts tab. It doesn't matter whether you enter the payment via the Debts tab or the Cashflow tab; the results will be the same, and reflected everywhere throughout EstateExec.

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