Incoming and Outgoing loans are separate record types. When creating a loan record, choose either an Incoming loan record or Outgoing. You cannot change the loan type after it is created. To correct a mistake, simply delete the incorrect record and create a new one.
To query incoming vs. outgoing loans, select “LoanIN”
- = Yes for incoming
- = No for outgoing
Loan ID
IL prefix for incoming loans, year expected for loan start date, next number within year
OL prefix for outgoing loans, year expected for loan start date, next number within year
IL.2022.#
OL.2023.#
Mnemonic
Not required. Shorthand to identify loan at a glance (e.g. “Stella-Brooklyn”)