Updating a Principal's Status

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Learn how to update a principal's status

Changing a principal's status from Confirmed to Outgoing or Inactive is simple and easy to do! Just follow these simple steps:

  1. Navigate to the Principal tab in the entity in question;

  2. Check off the box next to the principal's name on the far left - a blue toolbar appear at the top of the screen;

  3. In the blue toolbar, select Change Status and select either 1) Outgoing if the date to make the change is not necessarily the effective date of the removal, or 2) Inactive if setting the principal as inactive right away;

  4. A new window will pop up prompting to give a Reason for the removal and the End Date - fill in these fields and click Confirm;

  5. Click Apply in the blue toolbar and then scroll down to the bottom of the Principals list to see the new status of the principal!

Excellent! The principal records have now been updated! 🎉