Polaris Business Solutions

Loan Management Preferences in AcuLoan

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The AcuLoan system has several different Loan Management Preferences that are set up during the implementation phase. These preferences allow for a more custom system. Users can see numbering settings, write-off parameters, collection information, loan preferences, and taxation of the preferences screen from the AcuLoan dashboard.

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LeaseQuery Makes Your Life Easier

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At Polaris Business Solutions, we strive to work with the best products available for our customers. As part of this initiative, we have entered into a new partnership with a market leader for lease accounting, LeaseQuery. We know that deadlines for the new lease accounting standards are changing quickly! LeaseQuery’s main mission is to simplify lease accounting complexities and break down the accounting process for its users.

Adopting the new rules while staying within certain standards can take a lot of time. Using a lease accounting software designed for managing the lease process can save time and resources.

If you think LeaseQuery is a product your business is interested in, please contact Polaris Business Solutions; info@polaris-business.com

Loan Classes and Reporting Groups | AcuLoan

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AcuLoan has the ability to create loan classes and report groups. These two categories will allow users to organize the loans and assist with reports. Below is a brief overview of both loan classes and reporting groups.

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1. Acumatica 2022 R1 New Feature: Improvements to Project Quoting

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In the new release of Acumatica 2022 R1, the system has enhanced the project quoting functionality. The steps to create a project quote have been minimized and users now have the availability to create quotes for multiple related customers. The Projects Quotes (PM304500) screen has been enhanced for a better experience.

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What is Lease Accounting Software? | LeaseQuery

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Lease accounting is the process by which businesses record the financial impact of agreements to rent or finance the rights to use specific assets, also known as leasing. The reporting standards for lease accounting are maintained by the Financial Accounting Standards Board (FASB) in the United States, the International Accounting Standards Board (IASB) internationally, and the Governmental Accounting Standards Board (GASB) for state and local entities in the United States.

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New Feature for Finance Improvements to Recognition of AP Documents

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In the latest release of Acumatica 2022 R1, there have been several updates to the recognition of AP documents including resubmitting, searching for a vendor, and mass processing.

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Acumatica 2022 R1 Feature Review: Pro Forma Invoices

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Acumatica 2022 R1 has been released and there are several new features to highlight for each edition of the project. To continue with the projects/construction edition, there are a few changes to note about the Pro Forma Invoices Form (PM307000). See the below screenshot and notes with information regarding the changes.

On this form, there are several new columns that have been added. Each of these columns are pulling data in from the Related Revenue Budget Line of the project on the Revenue Budget tab of the Projects Form (PM301000).

· Revised Budget Quantity: revised budget quantity of the line
· Actual Quantity: actual quantity of the line
· Previously Invoiced Quantity: the running total of the Quantity to Invoice column on this tab
· Quantity to Invoice: billing quantity
· UOM: Unit of measure for the project
· Unit Price: Unit price
· Progress Billing Base: Basis of project billing

Acumatica 2022 R1 New Feature for Projects and Construction

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Changes to the Projects Form

In previous versions of Acumatica, projects billed by progress could only be billed in the revenue that was in the budget lines. With the newest release of Acumatica 2022 R1, billing can now be done in both quantity and amount for the project. These changes are done in the project’s form. In the following sections, we will review these changes.

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Who is LeaseQuery?

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What is LeaseQuery? It is a lease accounting software made by accountants for accountants. LeaseQuery provides the calculations and functionality that are necessary to comply with reporting standards.

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Creating a loan account in AcuLoan

Aculoan Blog

AcuLoan is a complete loan management and information software program designed to work completely within the Acumatica platform. AcuLoan allows you to house the loan profile in the system while managing the transactions. See below for steps on creating a loan within the system.

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