The guys at the finance dept have requested help in order to improve the loan tracking procedures. Is there any third party add-on or module to work this out? Maybe someone could point out a best practice on this? So far, we've done the following: We set up AP documents for each loan, leaving the bank as the "vendor" and stating the principal amount. We also set up separate AP documents for each interest recognition in the term they occur. There's some multi currency involved, so each period we apply the AP unrealized gain/losses SL process. The process then records exchange rate differences in both the remaining principal amount and each interest that may be outstanding. The bank may request quarterly interest payments, so likely there will be at least 3 separate monthly interests open in a given time. I find this procedure very effective. We are a construction and real estate company, so we are very intensive in bank credits. We run several real estate developments at the same time, each one with at least one loan involved. Each development has its own subaccount. So far so good, but if someone messes up in one transaction, or the bank fails to report a charge on time, it's kind of hard to retrace the loan back to the beginning. The multi currency process generates 3x transactions, since it depends on the auto-reverse engine. A few things I'd like to setup to improve the traceability. Please read as a request-for-comments. Link all the AP documents involving the same loan. I mean, a "master document" that links the principal and all the interests involved. SL has a built in master document feature, but it means multiple installments terms. It may work out with the principal, but I don't think it applies to the interests. Design a report that tell each loan balance at any given time, using the "master document" as the root note. I need to fine tune the account/subaccount involved in the unrealized gain/loss process. SL has a built in table for that, but only at the account level. In this setup, the gain/loss coming from every development ends up in the same subaccount. I need at least to be able to route them to the subaccount of the corresponding originating loan.
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