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Captures all details from loan origination to payoff
Keeps information together for the entire life cycle of the loan and includes debt covenant monitoring. Includes origination date, initial loan balance, annual percentage rate, monthly payments, loan origination fees, down payments, and balloon payments.
Built for NetSuite verified
As a Native SuiteApp, NetLoan puts loan accounting where it should be — in your core financial system. Install NetLoan, and Netgain’s accounting processes and automation will be embedded into your NetSuite account, eliminating painful reconciliations, integrations and concerns about security and data integrity common with third-party apps.
Complete amortization schedules
Forecast payments, interest expense, and ending balances at any point over the loan’s life. Capture monthly payment details, allocation between interest and principal, and ending loan balance.
Integrated AP/AR management
Integrate billing with vendors or customers, removing the disconnect between lease payments and lease journal entries, and identifying payment errors in real-time. Say goodbye to the dreaded month end lease payments reconciliation process. For borrowers, NetLoan maintains direct links to the vendor bills and loan payments. For lenders, it links to the customer invoices and payments.
Payment allocations between principal and interest
See how the relationship between the principal and interest of a loan changes over time. NetLoan automatically generates journal entries that change each month to reflect correct allocation between payment and interest.
Save time, reduce headaches, and simplify your technical accounting.