US Bank-Loan Schedule
Term loans, amortization schedules, interest accrual & covenants (US)
Term loans, amortization schedules, interest accrual & covenants (US)
Key Features
Level payment (annuity)
Level payment (annuity) — constant payment A = P r / (1 - (1+r)^-n) with the closing payment absorbing rounding so the schedule lands on a zero balance to the cent.
Equal principal
Equal principal — same principal each period, declining interest.
Interest-only + balloon
Interest-only + balloon — interest each period, full principal at maturity.
Balloon
Balloon — payment sized on a longer notional amortization term but matured early with a balloon equal to the outstanding balance.
Day-count conventions
Day-count conventions — 30/360 and Actual/365 genuinely change the interest accrued each period.
Multiple payment frequencies
Multiple payment frequencies — monthly, quarterly, semi-annual, annual.
Interest accrual
Interest accrual — accrue interest from the last accrual date to any date on the current outstanding balance and post a balanced journal entry (Dr Interest Expense / Cr Interest Payable). Accrual records prevent double-posting overlapping w
Scheduled payment posting
Scheduled payment posting — split each period's payment into its principal and interest components in the general ledger.
Track DSCR, current ratio, leverage, minimum EBITDA, max
Track DSCR, current ratio, leverage, minimum EBITDA, max CapEx and custom covenants with thresholds, recorded actuals and automatic compliance flags.
Loan status workflow
draft → active → closed / defaulted.
Screenshots
Why Choose This Module
Manage term loans, SBA loans, lines of credit and commercial mortgages with a real amortization engine, interest-accrual journals, covenant tracking and balloon handling — all inside Odoo Accounting.
Specifications
- Compatible: Odoo 18.0 / 19.0
- License: OPL-1
- Languages: English
- Author: Pokutsoft
- Dependencies: account
- Support: support@pokutsoft.com
Update date: 2026-07-05
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1029 |
| Technical Name |
us_bank_loan_amortization_schedule |
| License | OPL-1 |
| Website | https://pokutsoft.com |
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.
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