hi
Anyone can advise the process flow in Acumatica regarding customer loan or internal loan? Thank you!
Answer
How does Acumatica support customer loan or internal loan?
Best answer by Kandy Beatty
hi
Hi
This would require a customization. There is no way to do a loan on a line item.
Are you referring to something such as a payment method of Afterpay or Affirm?
+19Hello,
There are multiple ways to record and manage a loan:
- GL account
- Accounts Receivable invoice
- Employee Payroll deduction.
~ Laura Barber, WM Synergy
+17HI
You could set up terms for customer loans and loans that the company has internally. Depending on how many months the term is.
You can add Charges to Checks and Payments for Vendors and also to Payments and Applications for customers to charge the interest.
I also found that there is an add-on for managing loans:
https://www.acumatica.com/acumatica-marketplace/fba-software-aculoan-loan-management/
Kandy ~ If a member helped you, please *Like* their post, and if a member provided an answer to your question, please mark it as *Best Answer*.
hi
+17hi
Hi
This would require a customization. There is no way to do a loan on a line item.
Are you referring to something such as a payment method of Afterpay or Affirm?
Kandy ~ If a member helped you, please *Like* their post, and if a member provided an answer to your question, please mark it as *Best Answer*.
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