Do we have feature called “Loan Manager” allowing us to easily decompose each payment into the correct amounts of principal and interest payable. easy to set up; and easier to process monthly installment payments; and easily adjustable in the event that you miss a payment.
That’s interesting. So what you are saying, rather than manually splitting principal and interest each time, you would set up a loan account and Manager would do the splitting automatically?
This does sound like a cool feature. To have this built into a business accounting package will be a huge point of difference. Good thought there mksundaram.
a module for lending transactions. creating database for loans and savings deposits
It is very importing for me also if you add Loan Module & Installment pay basis Sales Module. If you implement , it will be a good job.
Yeah… something like that.
The component for lending transactions in my view does deviate from the intent of Manager Accounting in some way. I would like to see the emphasis on the Loan Manager aspect where the company / entity loan capital or resources and this loan account needs to be managed as described by mksundaram and
I can see the value of going the other way round as a lender though.
Hi… Anything on “Loan Manager” module ???