LodgeiT Loan Calculators are responsive to Loan Type, so be careful to manage the loans correctly. If an asset loan becomes a liability loan or visa v, you will need to create 2 loan types, if you want to correctly represent the loan structure through a reporting period.

Clearing accounts are there to enable LodgeiT to replicate loan transactions for validation purposes. If used correctly, the loan clearing account should clear to 0 at date of validation of the loan transactions.

Click "Tools"

Select "Loans"

Start to create "New Loan" orĀ  "Add" a Loan.