Moneylender Forums

Also, this page of the website:
https://moneylenderprofessional.com/mon ... icing.aspx

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 ...

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.

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 ...

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...

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...

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).

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...

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...

Nobody's told me specifics of what they're clicking in QuickBooks to import their data, but people definitely made it sound like it was standard operating procedure. I looked through the lists you can import from CSV, and among the options were "checks" and "payments". If you imp...