Loan IQ Accounting

1. Financial Transaction Tracking: Records loan-related transactions like disbursements and repayments.

2. General Ledger Integration: Seamlessly integrates with general ledger systems for accurate financial reporting.

3. Accruals Management: Automates accrual calculations for interest, fees, and expenses.

4. Amortization Schedule Generation: Creates and maintains loan amortization schedules.

Before learning Loan IQ Accounting, it's beneficial to have the following skills:

1. Accounting Principles: Understanding of basic accounting principles and concepts, such as debits and credits, financial statements, and accrual accounting.

2. Financial Analysis: Ability to analyze financial data and interpret financial statements.

3. Banking and Financial Services Knowledge: Familiarity with banking operations, loan servicing, and financial instruments.

4. Computer Literacy: Proficiency in using computer software, including spreadsheet applications and accounting software.

By learning Loan IQ Accounting, you gain the following skills:

1. Financial Accounting: Proficiency in recording and managing financial transactions related to loan portfolios.

2. General Ledger Integration: Ability to integrate accounting data with general ledger systems for accurate financial reporting.

3. Accruals Management: Skills to automate accrual calculations for interest, fees, and expenses in compliance with accounting standards.

4. Amortization Schedule Generation: Capability to create and maintain loan amortization schedules for accurate payment tracking.