Jobstream 8: Loans

Summary

Loans icon Jobstream’s optional Loans module allows a register of loans between the office and the clients, between clients, and between clients and external lenders or borrowers to be tracked and managed. Loans can use a variety of interest rate profiles, and are integrated fully with the Accounting module to automatically post to the underlying ledgers. Jobstream's Accruals mechanism can be used to calculate and account for interest accruals and payments.

N.B. This is an Option Pack module.

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Feature list

  • Record loans between managed entities, and between entities and external lenders and borrowers
  • Automatically account for standard loan operations, including interest accruals and payments
  • Maintain a central loans register, with details of outstanding balances and recorded transactions against each loan
  • Create loans based on fixed interest rates, variable interest rates, interest rate tracked against a base rate plus a margin, or zero interest

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