Progressus (Latin) – moving forward; advanced. An object at rest stays at rest. An object in motion stays in motion. Basic science. Q: How is an object at rest put into motion? A: Force. Q: What happens when multiple objects or forces traveling in the same direction come together? A: A greater force is born. […]
How do the Credit Types in LMS work? Actual Payment – A standard type loan where interest decreases over the term and principal increases correspondingly keeping all payments the same except for the last one. The amount of interest is calculated based on the actual payment date. Add On – With Payoff – The loan […]
I skipped running depreciation in a previous period in Fixed Assets. How do I recover this? If depreciation is not run for a past period and subsequent periods have had depreciation run for them, the depreciation process will not automatically pick up the missed period. When this occurs you must process depreciation with the Life […]