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How does Acumatica support customer loan or internal loan?

  • 25 July 2022
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J
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hi 

Anyone can advise the process flow in Acumatica regarding customer loan or internal loan? Thank you!

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Best answer by kandybeatty49 30 July 2022, 23:04

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Laura02
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Hello,

There are multiple ways to record and manage a loan:

  1. GL account
  2. Accounts Receivable invoice
  3. Employee Payroll deduction.

 

Laura ~ Klear Systems, Inc. Irvine, CA. ~ Please remember to "Mark Best Answer" to help those who are facing the same problem.~
kandybeatty49
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HI @jechang 

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. If a member provided an answer to your question, please mark it as *Best Answer*.
J
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hi @kbeatty21 @laura01 thank you, but actually I would like to know more about the internal/customer request for loan on inventory items. How does Acumatica track the loan items and how to manage if the items has been returned

kandybeatty49
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hi @kbeatty21 @laura01 thank you, but actually I would like to know more about the internal/customer request for loan on inventory items. How does Acumatica track the loan items and how to manage if the items has been returned

Hi @jechang  

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. If a member provided an answer to your question, please mark it as *Best Answer*.

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