Quick Books

Scope of work Here "user" refers to someone who uses QuickBooks to manage the accounts for their small business. The user is the person who will buy this app and use it. The user lends money to his customers and this app facilitates the accounting of the corresponding interest income (not expense). Create a QuickBooks Loan Manager app for sale through the Intuit App Store with the following features: 1. This app will act as a plugin for QuickBooks to provide functionality that is missing from the standalone software. Specifically, the app will make it easy for users who lend money to keep track of loan repayments, amortization, etc. 1.1 This app will use the QuickBooks API provided by Intuit. There are .NET and java versions of the DevKits. We prefer java. 1.2 The app will be sold in the Intuit webstore so the development must be done as part of the Intuit Partner Platform. 2. What the app does: 2.1 User will enter details of a loan such as principle amount, origination date, and rate. The app will generate an amoritization schedule (showing principle and interest by payment) for this loan. There are countless examples of these calculators online. 2.2 The app will generate transactions based upon the amortization schedule. These transactions will be either invoices or journal entries in QuickBooks based on user option. The key feature of this app is the automatic calculation and entry of these into QuickBooks: 2.2.1 Initial loan setup transactions 2.2.2 Monthly income accrual and payment transactions 2.3 The app provides an option to split principle and interest amounts based on separate classes as specified by the user. 2.4 The app will have a summary of all outstanding loans, expected payments, balances, etc.