How to Correctly Mark an Offer as Funded in MCA Pilot
Marking an offer as 'Funded' in MCA Pilot is essential to generate the associated advance, payments, and distributions. This article provides a step-by-step guide and troubleshooting tips to help you navigate the process correctly.
Why You Shouldn't Update the Deal's Overall Status to 'Funded'
Many users mistakenly change the deal's overall status to "Funded," which does not create the necessary financial records. Instead, marking the specific offer as 'Funded' ensures the system creates the advance, payments, and distributions automatically.
Steps to Mark an Offer as Funded
To correctly mark an offer as 'Funded,' follow these steps:
Open the deal in question.
Navigate to the Activity tab.
Scroll down to the Offers table located directly below the Submissions table.
Hover over the specific offer row that you wish to mark as funded.
Click the Funded button that appears when hovering over the offer.
This process generates the relevant financial records, including the advance, payments, and distributions that correspond to the marked offer.
Common Issues and Tips for Troubleshooting
Can’t Find the 'Funded' Button?
If the 'Funded' button does not appear, ensure that you are hovering over the correct section.
Do not hover over the Submissions table. The Submissions table is located above the Offers table in the Activity tab.
Instead, locate the Offers table, which is directly below the Submissions table. Hover over the specific offer row in this table, and the 'Funded' button will appear.
By following these instructions, you can avoid common mistakes and ensure that all relevant records are created efficiently in the MCA Pilot system.