AcuLoan 2022 R1 Amortization Table Updates
2022 R1 Feature Updates to Amortization Tables
Like Acumatica, AcuLoan has released a new update this year with a new set of features that have upgraded the system. The release of 2022 R1 has made changes to the amortization table. Before the updates to 2022 R1, there were only two ways to calculate using the amortization table. Those were standard and non-standard ways. With the update, see below for examples of how the amortization tables can now to calculated:
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Users of AcuLoan
AcuLoan is a complete loan management and information software program designed to work fully within the Acumatica platform. The all-in-one loan management tool has several components that make it a great fit for several different types of loans and companies. […]
ERP Today Live! with John Case
In early August, Acumatica CEO John Case interviewed with ERP Today Live! to discuss his first six months with Acumatica, the state of the company, and how Acumatica is progressing. […]
Designing an Acumatica Dashboard
Dashboards in Acumatica are a great way for users to see an overview of the data in the system. Dashboards are the main screens users see when they log into their Acumatica system and are configured to each user, making the data very customizable for each department and role.
Construction Industry
Acumatica is an ERP software that can suit the needs of many different industries and companies. The main industries that Acumatica serves are Construction, Manufacturing, Distribution, Retail, and General Business. Within Acumatica, the platform can be configured in many different ways to work specifically for each industry.
Why use LeaseQuery as an Integration?
LeaseQuery integrates with several Cloud ERP systems as it is one of the best-certified lease accounting vendors. For Acumatica, the platform creates a smooth transition between the general ledger and the accounting software.
Below are some more benefits of integration of LeaseQuery to a Cloud ERP system:
- Automate journal entries to the general ledger
- Automate accounts payable processes for leased assets
- Maximize a user’s time spent in their ERP, improving user experience and efficiency
- Eliminate human error by using the integration to post journal entries
- Push lease accounting data into ERP to ease the lease accounting transition and simplify the long-term management of a business’ leased asset portfolio
- Streamline workflow to create time for additional projects
If you think your business could benefit from the LeaseQuery Integration, please contact Polaris Business Solutions; infor@polaris-business.com.
Simplify Complex Accounting with LeaseQuery
LeaseQuery is an industry leading accounting software that is known to simplify the complexities of lease accounting. Thousands of organizations use this software for their lease accounting processes and LeaseQuery has become the number one rated cloud-based, CPA-approved solution. This integration allows users to minimize risk, increase efficiency, and discover critical financial insights across your organization.
See below for some of the major benefits of the LeaseQuery software:
- Faster month-end and year-end close process
- SOC Report and AUP Engagement issued by a Big 4 public accounting firm
- Savings and insights from your lease contracts
- Critical date reminders
- Accurate AP reports
- Central repository with easy document retrieval
- Journal entries available with one click
- Consolidated disclosure and compliance reports
- Audit trail and lease change reporting
- Role-based access
Loan Management Preferences in AcuLoan
The AcuLoan system has several different Loan Management Preferences that are set up during the implementation phase. These preferences allow for a more custom system. Users can see numbering settings, write-off parameters, collection information, loan preferences, and taxation of the preferences screen from the AcuLoan dashboard.
Loan Book Dashboard Overview
Like Acumatica, AcuLoan has its own dashboard that can be configured to best fit your needs. This dashboard is configured and designed the same as any other dashboard in Acumatica using the design feature along the top right-hand side of the screen (you can see this in the screenshot above). The AcuLoan dashboard is called the Loan Book Overview.
In the photo below, users will see what the Loan Book Overview dashboard looks like and what tiles are and graphs are available to configure.
On the Loan Book Overview Dashboard, there are several configurable tiles. These help users to see an overview of their loans and accounts in AcuLoan. In this specific dashboard view you can see several things:
• Total Book Value
• Advanced Payments Disbursed
• Receipts Payments Received
• Different Trends – deal size and capitalized interest
• Actual vs. Budget – Income
• View of Certain Loans
There are several other items that can be included on a dashboard for AcuLoan. These tiles and graphs have many customization options. The colors can be changed as well as the thresholds which prompt the tile to “alert.” Dashboards in the AcuLoan program from Acumatica are a great way to get an overview of what is happening in the system. These dashboards can be configured one time for multiple users to see.
If you think you could use a dashboard like this for your loan data, please contact Polaris Business Solutions; info@polaris-business.com.
Endless Acumatica
Acumatica is so much more than just an ERP. There is so much that goes into it and so much that you can utilize. When we talk about Acumatica, we aren’t just talking about the CRM or any other part of the software, we are talking about Acumatica’s business as a whole. Acumatica really values customers and spends a large amount of time putting in the effort to make sure that each customer gets what they need and how they need it.
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