Loan (incoming and outgoing)
Within the Financial Plan, the Financial Controller can enter loans (incoming and outgoing) per Entity.
Incoming Loans means the Entity has a Loan where money is borrowed from another Entity. Outgoing Loans means the Entity has a Loan where money is lent to another Entity.
To do this, go to Input – Loan (incoming) or Loan (outgoing) in the navigation panel.
Since the definition of incoming and outgoing Loans is identical they are described together, using an outgoing Loan as an example.
By clicking on Add Loan, a new Loan is added. A slide-in appears in which the following Loan characteristics are added:
• Name of the Loan
• Start Month and End Month of the Loan
• The Loan amount
• The Payment Frequency of the principle (year, quarter, month, or period end)
• The Interest Rate percentage
• The Interest Payment Frequency (year, quarter, month, or period end).
After creating a Loan, a new line appears showing the Loan’s details. The system calculates the amounts per month based on the defined characteristics of the Loan.
Further details of a Loan are shown at the bottom of the screen by clicking on the Loan line in the Name column (see the previous screenshot).
An infinite number of Loans can be added to a Financial Plan.
The Loan lines can be edited by clicking on the line in the Name column which reopens the slide-in.
The Loan lines can be deleted by selecting the check box at the beginning of the relevant line and then click the Delete button.