Sage 100

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  • 1.  Customer 'loans' and amortization schedule

    Posted 02-17-2020 17:50
    End user has two customers with large AR amounts and they are essentially lending them the money, i.e. relieving AR and creating a Notes Receivable. They are wondering if there is anything out there that would amortize it correctly and post principle and interest on a monthly basis. They're not sure exactly how it would work but one of their customers is asking about monthly invoices? According to my end user: "Apparently, we've become a bank now!"

    TIA!

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    Therese Logeais, Technology Integrators
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  • 2.  RE: Customer 'loans' and amortization schedule

    Posted 02-17-2020 17:58
    You might want to take a look at DSD's AR-1128. 


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    Nancy Hanson
    Blytheco LLC
    Eagan MN
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  • 3.  RE: Customer 'loans' and amortization schedule

    Posted 02-17-2020 18:13
    I don't know how I missed that one. Thanks @Nancy Hanson!​

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    Therese Logeais, Technology Integrators
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  • 4.  RE: Customer 'loans' and amortization schedule

    Posted 02-18-2020 07:09
    Don’t get caught in the middle with your fee.

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    Wayne Schulz - Schulz Consulting - 860-516-8990
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