Table of Contents
Overview
When you have a number of host companies in the system that operate loans rather than payment terms. The payment terms are replaced by Loan.
Typical example is a 100% owned company that you settle up the trading every month or quarter.
Both companies need to be host companies in the system
A transaction created in one Host company will create the required transaction in the other Host Company
Only persons who have access to both the Host Companies are able to create manual transactions.
The only transactions allowed are:
- Debtor Invoice (Creates Creditor Invoice in other company) with Creditor Invoice Subtype = "Trading Loan Mirror"
- Creditor Payment (Creates Debtor Payment in other company)
The loan total value is visible on the Host Company. The Loan Total Value is also visible on the Balance Sheet
- Where the net value of the loan is money owed to you - it will appear as part of Trade Debtors
- Where the net value of the loan is money owed by you - it will appear as part of Trade Creditors
Transactions
Transactions Allowed
Any Transaction created will create a transaction in the other entity - so only a few transactions are allowed
- Debtor Invoice
- Creditor Payment
- One of your Debtors Paid Me - Common in groups of companies with the same name
Stock Articles or Services Required
When a transaction in one Host Company is to create a transaction in another Host Company - the system needs to determine the GL accounts to use in the other Host Company. This is done by enforcing each line to have a link to a Service or Stock Article that has a buy and a sell GL Account default.
Create a manual debtor invoice
The Matching Creditor Invoice will be created by the system in the other Host Company
The Creditor Payment - must have bank information entered that matches the target Host Company Bank Account
The Debtor payment that was created in the other Host Company
View the loan value anytime
On the host company
On the Balance Sheet
Setup
Create the loan and indicate the start date.
All transactions before the start date are not added to the loan value as they are unlikely to have matching transactions in the other entity.
This will put the terms on the Debtor and Creditor in both Host Companies of "Loan"
