What is Uncharged Principal vs Principal Remaining?

You may have noticed the two terms, Uncharged Principal and Principal Remaining, used across the tenant ledger and loan tracking views. There is a difference between these two amounts that assists in determining what a tenant actually owes, versus the amount they have been charged.

Uncharged Principal

This amount is shown strictly within the tenant ledger in the Account Balances widget. The uncharged principal amount is the principal balance for which the tenant has yet to be charged, regardless of whether they have made a payment yet. Whenever your Accounts Receivable is charged a Principal Charge, this account is offset by that amount – this is the Uncharged Principal Reduction you see:

Principal Remaining

This amount is shown within the loan tracking feature and in the Loan Balances widget of the tenant ledger. The Principal Remaining amount is that equal to the amount of principal minus the amount of principal paid by the tenant. This figure will only decrease if a payment has been allocated towards the tenant’s principal, not the uncharged principal account.: