Hello Gurus,
I have been looking for how to manage loan repayments but have not been able to find a suitable means to capture and update the repayments data. The company in question takes several loans from different sources and pays back the loans every month. My challenge is to find a way to calculate the values for the individual loan repayments and to set-up a way to monitor the loan as the year goes by.
Unlike SAP Banking where loans are managed by the company (that is the bank), the company in this case is the receiver of the loan. The company wants to determine their monthly loan liability for payment. Can anyone point me in the right direction on how to go about this?
Regards,
C
Edited by: Chukwuka on May 31, 2011 4:14 PM