Customer/Vendor Loan

by
Odoo          
v 10.0 v 11.0 v 12.0 Third Party

29.00 €

You bought this module and need support ? Click here !
Technical name customer_loan_cft
LicenseOPL-1
Websitehttps://www.craftsync.com
Also available in version v 11.0 v 10.0
Required Apps Invoicing (account)
Technical name customer_loan_cft
LicenseOPL-1
Websitehttps://www.craftsync.com
Also available in version v 11.0 v 10.0
Required Apps Invoicing (account)

Customer / Vendor Loan

This Application helps to track record of customer loan and it's data.

Basic Features
  • This application is allow you to manage customer and vendor(bank) Loans
Notes :
  • For This application User need to install numpy python library
  • Install it from sudo pip install numpy or sudo apt install python-numpy or sudo apt install python3-pip(For python3)
Look Below Screenshots:

  • Loan Management will display under Invoicing Menu


Above Image Is customer loan.

Above Image Is for accounting configuration.

Above Image Is display if user want to pay any installment and related amount will display in that popup.

Above Image Is for user want to pay full loan in one payment. Then pending interest is not added in that popup. If company not want to add interest on that transction or want to add low interest.

Above Image Is display installment view.

Above Image Is for advance configuration add configurable interval in EMI(Installment Date). Invoicing --> Configuration --> Loan

Above Image Is for if user want to add 2 months interval in installment. Or User want to change loan to calculate loan based on date or in year.

Above Image Is for Vendor Loan or Bank loan tracking.

Accounting Entry of installment.
Example with equation:
I = PRN/100

E is EMI

I is for Interest

P is Principal Loan Amount

r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 9% per annum, then r = 9/12/100=0.0075) n is loan term / tenure / duration in number of months

Loan for 10 months

N = 1/12 for monthly intrest P = 2,50,000 R = 9%

Equation:

I = 250000*9 / 100*12

I1 = 1875

Above screen is show calculation by month :

If rate is 9 %

Per month rate of interest is 0.0075

1st month principal amount is 2,50,000

Payment amount

EMI = P*r*(1+r)^n /((1+r)^n-1*(1 /100)

First Installment Calculation

250000*0.0075*(1 + 0.0075)^10 / ((1 + 0.0075)^10-1) = 26042.81

Installment amount = 4612.49 Interest amount = 1875.00 Principal amount = 3781.16

So next month Remaining Amount is 2,50,000 - 24167.81 = 225,832.19

Next month Interest amount = 225,832.19 * 9 * 1 / 12/ 100 = 1693.74

Second Installment Calculation

225,832.19*0.0075*(1 +0.0075)^9 / ((1 + 0.0075)^9 - 1) = 26042.81

Complimentary Support

You will get 90 days free support for any doubt, queries, and bug fixing (excluding data recovery) or any type of issue related to this module.

Contact us at
info@craftsync.com for any query.

You may also like

Odoo Proprietary License v1.0

This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).

You may develop Odoo modules that use the Software as a library (typically
by depending on it, importing it and using its resources), but without copying
any source code or material from the Software. You may distribute those
modules under the license of your choice, provided that this license is
compatible with the terms of the Odoo Proprietary License (For example:
LGPL, MIT, or proprietary licenses similar to this one).

It is forbidden to publish, distribute, sublicense, or sell copies of the Software
or modified copies of the Software.

The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE SOFTWARE.

Please log in to comment on this module

  • The author can leave a single reply to each comment.
  • This section is meant to ask simple questions or leave a rating. Every report of a problem experienced while using the module should be addressed to the author directly (refer to the following point).
  • If you want to start a discussion with the author or have a question related to your purchase, please use the support page.