Search found 83 matches

by wtech_josh
Mon Nov 08, 2021 10:30 pm
Forum: Management and Financials
Topic: Report of Maturing Loans
Replies: 1
Views: 771

Report of Maturing Loans

What’s the trick for generating a report that shows loans maturing in 30 days etc.

Thanks
by wtech_josh
Mon Nov 08, 2021 5:36 pm
Forum: Other Options
Topic: A new API?? 3.0.184 -Added the API to allow programmatic interactivity with your portfolio data in real time
Replies: 2
Views: 1896

Re: A new API?? 3.0.184 -Added the API to allow programmatic interactivity with your portfolio data in real time

The API allows Moneylender Users to programmatically read and write almost all the data in Moneylender, as well as generate payoff quotes and send statement emails. Things like retrieving account information (to display to a borrower on a website, for example) or adding payments to loans (to update ...
by wtech_josh
Mon Nov 08, 2021 5:36 pm
Forum: Other Options
Topic: A new API?? 3.0.184 -Added the API to allow programmatic interactivity with your portfolio data in real time
Replies: 2
Views: 1896

A new API?? 3.0.184 -Added the API to allow programmatic interactivity with your portfolio data in real time

Please explain in details what is the purpose and use of this API addition.?
Does it allow for company website to integrate with Money Lender Pro 3 loan engine? And if so, What is the charge for assistance? I am not quite sure how best to use this feature.
by wtech_josh
Tue Oct 12, 2021 12:20 pm
Forum: Configuring Loans
Topic: Calculations for a fully amortized mortgage
Replies: 1
Views: 1908

Re: Calculations for a fully amortized mortgage

Hi Mark! After setting up the loan like a normal amortized loan, go to the Settings tab > Loan Settings. Change the Loan Engine at the top to "Explicit Amortization for Chronic Underpayment" and click Save. When the loan is on time, it behaves the same as the Amortized loan engine. If the ...
by wtech_josh
Fri Oct 08, 2021 5:39 pm
Forum: Management and Financials
Topic: An unpaid late fee is causing unwanted late fees for subsequent due dates...
Replies: 4
Views: 13805

Re: An unpaid late fee is causing unwanted late fees for subsequent due dates...

That's a good strategy. I know of another Moneylender user that has biweekly payments with a 15-day grace period. Overlapping grace periods should only have the effect of waiving more late fees than not, which is kinda the desired result in your case. It should work the way you're expecting with a 4...
by wtech_josh
Fri Oct 08, 2021 12:01 pm
Forum: Management and Financials
Topic: An unpaid late fee is causing unwanted late fees for subsequent due dates...
Replies: 4
Views: 13805

Re: An unpaid late fee is causing unwanted late fees for subsequent due dates...

Hey Mark, Since writing this post, I added another setting the the Late Fee record. It's the drop down with the heading "Skip late fees if the borrower pays at least the current regular payment, even if the account is multiple payments behind?" You can set the portfolio-wide default for th...
by wtech_josh
Wed Oct 06, 2021 5:55 pm
Forum: Management and Financials
Topic: Exporting payments to a Quickbooks compatible format
Replies: 9
Views: 2253

Re: Exporting payments to a Quickbooks compatible format

That sounds like the perfect blend. QuickBooks knows your bank account to the penny, and ensures every real dollar and cent in and out is accounted for; and Moneylender keeps your loan balances accurate and tells you how much profit you're making (which you pop into QuickBooks from time to time).
by wtech_josh
Wed Oct 06, 2021 1:06 pm
Forum: Management and Financials
Topic: Exporting payments to a Quickbooks compatible format
Replies: 9
Views: 2253

Re: Exporting payments to a Quickbooks compatible format

Hey Mark, That sounds like quite the rigmarole. #1 already exists. You can add custom fields to Loans, Payments, Borrowers, and Lenders from the Portfolio > Portfolio Settings > Custom tab. https://www.moneylenderprofessional.com/help3/topics/CustomFields.aspx Once you create custom fields, you'll s...
by wtech_josh
Tue Oct 05, 2021 6:09 pm
Forum: Management and Financials
Topic: Exporting payments to a Quickbooks compatible format
Replies: 9
Views: 2253

Re: Exporting payments to a Quickbooks compatible format

Perhaps everyone else is using QuickBooks online. I looked at the IIF example file for a payment. Doesn't seem like it's the end of the world to build a quick export of payments in the IIF format. The real time-consuming part of that is adding the UI where you specify the date range for the payments...