Loan Manager – Latest Posts
Margill Loan Manager – How to eliminate an Outstanding amount when the final loan balance is 0.00
Question: I’m trying to apply a payment in order to elimintat the outstanding balance in a loan. Can you explain how to do it? Answer: The outstanding amount is somewhat of a theoretical amount in more complex or irregular loans. The amount is based on what is actually paid (“Payment” column in the Payment schedule) […]
Margill Loan Manager – Update of Borrower’s data with Global Changes and an Excel sheet
Margill Loan Manager – Update of Borrower’s data with Global Changes and an Excel sheet Question: I must make sure that all my loans include a name, address, city, province (or state), postal code (or Zip) and country for the Borrowers in a specific format. How can I do that in Margill? Answer: This operation […]
Is it possible to issue a refund to a customer who overpaid, directly from Margill?
Q: Is it possible to issue a refund to a customer who overpaid, directly from Margill? A: Do you mean issuing a credit to the customer directly in Margill like when you do a pre-authorized debit with Perceptech / Acceo / Transphere (in Canada)? The answer is no with Perceptech / Transphere but with our […]
Seamless Legal/Litigation Fees Finance Management and Interest Calculation for Law Firms
Seamless Legal/Litigation Fees Finance Management and Interest Calculation for Law Firms with Margill Loan Manager Many law firms, particularly, personal injury lawyers (accidents, injuries, claims, liability) will finance their client costs and fees until the settlement occurs, at which time they will deduct these fees, costs and now interest, from the settlement amount. With rising […]
Webinar – What’s new in version 5.4
See the cool new features in version 5.4 released from January 22 to September 15, 2022. For more details on the new additions, please visit the Release Notes page.
Automated invoice numbering
Q: I created an invoice in Margill (via Document Merge) and would like to know if it can number the invoices automatically. A: A few options are available in Margill First method: By using the Global Changes function import your invoice numbers directly into your Records. Let’s start by creating a Custom field to import […]
On a $1000 loan at 20% interest, why is my interest not $200 for one year?
Q: On a $1000 loan at 20% interest, why is my interest not $200 for one year? A: This is a common question that we often get and some information is missing to answer the question so we’ll analyse this, taking into account various scenarios and how to manage this in Margill Loan Manager. There is […]
Margill Loan Manager: Amount Due at current date or any date to “get back on track”
A most appreciated feature in Margill Loan Manager (MLM) is its quick access to four variables, accessible in the reports or in the Main window, that allow the user to instantly see the amount that must be paid by the Borrower to “get back on track” if one or several payments are missed, partial or […]
Webinar – What’s New in Version 5.3
In this webinar, we are looking into what’s new in version 5.3 including increased automation and customization. This is followed by a sneak peek at upcoming version 5.4 (available in November 2021), again with new automation aspects as well and many features you asked for. Finally, we go over some aspects of the software that […]
How can I mass import “Unpaid” payments with an Excel sheet in Margill Loan Manager? I need to obtain the Outstanding payment amounts.
Question: How can I mass import “Unpaid” payments with an Excel sheet in Margill Loan Manager? I need to obtain the Outstanding payment amount too. Answer: Usually, when payments are NOT made (so were skipped or the payments returned for non sufficient funds (NSF), on a historical basis, these would simply be ignored and only […]