Open Forum

Managing loans (deposits) and payment of interest

  • 1.  Managing loans (deposits) and payment of interest

    Posted 13 days ago
    We allow a limited number of individuals to load money to the company.  We pay interest based on the length of time, (demand, 1 year, 2 year).  Some we pay interest quarterly, but most role the interest into the principle amount and the amount continues to grow.
    Anyone doing this in Dynamics GP, or are there 3rd party software/integrations do this?

    We currently use an in-house application that is in need of revamp or replacement.

    ------------------------------
    Steven
    ------------------------------


If you've found this thread useful, dive deeper into User Group community content by role