1
Borrowed and given loans
Track bank loans you owe and loans you give to employees, customers or partners in one place.
2
Four calculation methods
EMI / annuity, equal principal, interest-only with a balloon payment or flat interest, with grace installments and a processing fee.
3
Automatic accounting
Disbursement on confirmation and every installment posted on its due date to the lender's payable or the borrower's receivable.
4
Payment status from reconciliation
Pay or collect installments with standard Odoo payments; each installment shows Paid, Partially Paid or Not Paid.
5
Prepayments
Repay part of the principal early and choose lower installments or a shorter loan; the schedule is rebuilt automatically.
6
Floating rates
Change the interest rate and every future installment is recalculated.
7
Late fees and reminders
Charge a late fee once per overdue installment and remind the responsible person days before each due date.
8
Reports and forecast
Amortization schedule PDF, current / long-term reclassification, loan dashboard and a cash-flow forecast by month.