The Loans Module in MokoCRM allows organizations to manage loans granted to or received from third parties, employees, or internal departments. It tracks loan terms, repayment schedules, interest calculations, and integrates with accounting for financial accuracy and compliance.
The Loans Module in MokoCRM allows organizations to manage loans granted to or received from third parties, employees, or internal departments. It tracks loan terms, repayment schedules, interest calculations, and integrates with accounting for financial accuracy and compliance.
🧾 Enabling the Module
- Navigate to:
Home → Setup → Modules → Loans - Click Activate
- Set default interest types, repayment frequency, and accounting preferences as needed
💳 Creating a Loan Record
- Go to Loans → New Loan
- Select the Borrower or Lender (can be a third party or employee)
- Enter:
- Loan amount
- Start date and duration
- Interest rate and type (fixed or variable)
- Repayment method (manual or scheduled)
- Save to begin tracking the loan
📆 Managing Repayments
- Record repayments as they occur, with amount and date
- Track remaining balance, accrued interest, and overdue installments
- Schedule automatic repayment reminders if configured
📑 Interest and Accounting Integration
- Apply interest rates to calculate repayment totals
- Post repayments and loan balances to accounting journals (if enabled)
- Generate loan statements and amortization schedules in PDF
📊 Tracking and Reporting
- Filter by borrower, loan status, or repayment stage
- Export data for audits, reconciliations, or financial reviews
- Monitor total outstanding balances across loan portfolios
📌 Best Practices
- Define loan categories for internal vs. external lending
- Keep interest and payment terms transparent and documented
- Review outstanding loans monthly for follow-up
- Restrict loan module access to financial administrators
- Use linked third parties or employee profiles for continuity