Step 1d: Enter Sale and 1st Payment Dates

If no prior data is available in the software's memory (as in when you load a deal from the database), the program will automatically fill in the Sale Date field with today's date.

When entering dates, you have the option of using the calendar function as shown below. Simply click the Calendar button to display the calendar. With the calendar displayed, you may move through different months and click on a specific date. Clicking on a date will automatically enter that date into the date field.

You may also add or subtract days to a date that has already been entered by pressing the + or - keys when the date field is highlighted and the calendar is not displayed.

If no previous data are available in the software (i.e. you have not loaded a previous deal), today's date will automatically be filled in as the sale date. Once you move to a different field on the screen, the software will automatically calculate the 1st Payment Date based on your default setting of Days to First Payment.

Clicking on the Federal Calendar checkbox will cause a check mark to appear. If this box is checked, the software will force the 1st Payment Date field to be calculated using the Federal Calendar method instead of counting actual days. In most states, the Federal Calendar method is seldom used.