Loan Management Made Simple for QuickBooks®
Connecting LoanAssistant to QuickBooks file
Step one is to log in.
Use admin as the default password when opening the application.
Connect to a new QuickBooks file
From the file menu, click on the add new QuickBooks file sub menu
Using the “add new book” dialogue window, navigate to the book location on your local drive or network shared drive.
If you are sharing the QuickBooks file among multiple machines, check off share book on the network checkbox shown below.
After the proper book and proper network option are selected, hit okay.
Next, switch back to QuickBooks to allow loan assistant to connect to the file.
Select the “yes always” option to suppress this dialogue going forward, and to avoid certifying every time you connect to the book using loan assistant.
Click through the following dialogues to complete the action
Set up your loan accounts.
There are two options available to set account names and numbers.
1.) Use the default account names and numbers option. Use this option to allow loan assistant to set up with predefined software account names.
2.) Customize account names and numbers. Use this option to assign custom names and numbers to the accounts being created. This allows you to map pre existing accounts to be used with Loan Assistant.
If you selected customize account names and numbers the following window will be used. Use the edit buttons on the accounts grid to change the names, numbers, and account types or to map to the other accounts in your book. Check off the use existing account checkbox to map loan assistant accounts to preexisting accounts in your QuickBooks file. Uncheck the “use existing account” checkbox to create accounts to pre new accounts in your QuickBooks file.
If you would like to create listed sub account types for every loan, click the “use sub accounts” option. This will allow you to create sub accounts for every account type used by loan assistant including interest income, installment differed gain, penalty income, escrow related accounts, unutilized fee income, service fee income, installment gain, CD expense, CD interest, and CD liability.