Payment Ledger Entries

The following table describes the ledger entries for payments and reversals.

Ledger Type	Description	Credit	Debit
Received Payment	Created when you process a payment in Latitude or AIM for accounts in a purchased portfolio.	Investor	Debtor
Payment Commission	Created when you process a payment in Latitude for accounts in a purchased portfolio with a payment commission specified in the contract terms. Note:The system reduces payment commissions withheld from accounts forwarded using AIM by the percentage that the forwarded agency withheld.	Management	Investor
Received Reversal	Created when you process a payment reversal in Latitude or AIM for accounts in a purchased portfolio.	Debtor	Investor
Reversal Commission	Created when you process a payment reversal in Latitude for accounts in a purchased portfolio with a payment commission specified in the contract terms. Only where you charged the investor a commission on the payment.	Investor	Management
Payment After Sale	Created when you receive a payment in Latitude for accounts in a sold portfolio. The system creates this entry in addition to the received payment ledger entry.	Buyer	Investor
Reversal After Sale	Created when you process a payment reversal in Latitude or AIM for accounts in a sold portfolio.	Investor	Buyer