Books of record that keep themselves as loans move.
Every loan event — interest billed and collected, fees, advances, write-offs and distributions — posts its journal automatically, with trust money kept separate. Your accountant gets real books, not a re-keyed copy.
Step by step
- Set up the chartA chart of accounts built for lenders, adjusted with your accountant.
- Postings happen automaticallyAs payments, charges, advances and distributions occur.
- Add manual journalsBalanced entries with optional approval; unbalanced ones can't be posted.
- Correct by reversalJournals are permanent; a reversal posts the exact opposite.
What changes
- No re-keying into accounting software
- Income that ties to the loans
- An audit trail for every entry
Used by
- Accountants
- Controllers
- Owners
Capabilities
Automatic posting
Interest, arrears interest, fees, company principal, prepaid interest and accruals.
Trust segregation
Trust and company books kept apart within one ledger.
Journal approval
Drafts approved by someone other than the preparer.
Account ledgers
Running balances for every account.
GL health checks
Ties between the ledger, servicing and trust.
Accountant export
Journals in QuickBooks Online or Xero layouts.
Questions about general ledger
Can journals be edited?
No. Journals are permanent; corrections are made with a reversing journal so the history stays complete.
Works together with
Financial statements & close
Trial balance, profit and loss on an accrual or cash basis, balance sheet, cash flow and GL detail with comparatives, plus a period-close checklist and year-end close.
Learn more →Payables & expenses
Vendors, bills with invoice attachments, quick expenses, partial payments, second-person approval above your threshold and A/P aging for private lenders.
Learn more →Operating bank reconciliation
Import operating bank statements, match lines to journals automatically, create journals from bank lines and sign off a monthly two-way reconciliation.
Learn more →See your loan book in Amortivo.
A 30-minute walkthrough with your own scenarios — origination to investor payout.