We really shouldn't have to go into the account default properties to change the loans payable account. Our organization currently has 4 loans all mapping to 4 different Loans Payable sub accounts.
I would like to give you a run down of what happens when you forget to do this when creating a new loan.
Well in my case I didn't notice until months later. So I have to unreconcile 2 months, unapply the cheque from the voucher, unpost and delete the voucher and unpost the loan. Then I go into the default properties, and add the correct loan payable account. Then I repost the loan, recreate the voucher with all the re-payment information, then I apply the check id to the voucher. Finally I have to re-reconcile 2 months - all because there is no provision to change the loan payment account other than in the defaults.
I know there haven't been many upvotes, but perhaps it is because not many people are using loans, or they don't have them broken down into sub accounts.
Deb Aben
supported this idea
·
We really shouldn't have to go into the account default properties to change the loans payable account. Our organization currently has 4 loans all mapping to 4 different Loans Payable sub accounts.
I would like to give you a run down of what happens when you forget to do this when creating a new loan.
Well in my case I didn't notice until months later. So I have to unreconcile 2 months, unapply the cheque from the voucher, unpost and delete the voucher and unpost the loan. Then I go into the default properties, and add the correct loan payable account. Then I repost the loan, recreate the voucher with all the re-payment information, then I apply the check id to the voucher. Finally I have to re-reconcile 2 months - all because there is no provision to change the loan payment account other than in the defaults.
I know there haven't been many upvotes, but perhaps it is because not many people are using loans, or they don't have them broken down into sub accounts.
I really hope you consider this one seriously.
Thanks!