Installment Sale (Partial Payment Plan) 56 years ago 5 minutes Add Installment Customer To add a new “Installment Customer” expand the “Installment Sale” menu from the left sidebar and click on the “Add Installment Customer” menu. To sell installment products for security reasons a customer must need a customer photo, customer NID, present address, permanent address, and work address also it must be accompanied by a guarantor’s name, phone number, present address, permanent address, and work address, So whenever the customer buys the product in installments, he must bring this information with him. Fill up the required field and hit the submit button. List Installment Customer To view a list of installment customers expand the “Installment Sale” menu from the left sidebar, and click on the “List Installment Sale” menu. Click on the “Edit” and “Details” buttons from Actions to edit and view the customre informations. Add Installment Sale To add a new “Installment Sale” expand the “Installment Sale” menu from the left sidebar and click on the “Add Installment Sale” menu First select a customer then select the product you want to sell. Enter number of installment in “Number of Installment” field then enter percentage of interest in “Percentage of Interes” field. More about Percentage of Interest In installment products, the percentage of interest refers to the additional amount charged on the principal loan amount over the installment period. This interest rate is applied to each installment payment made by the borrower. It represents the cost of financing the purchase over time and is typically determined based on factors such as the borrower’s creditworthiness. Enter down payment amont in “Down Payment” field. More about Down Payment A down payment in installment product sales is an initial partial payment made by the customer at the time of purchase. It is a percentage of the total purchase price and is paid upfront before the installment plan begins. The purpose of a down payment is to reduce the amount of financing required for the purchase and to provide assurance to the seller that the customer is committed to completing the purchase. Down payments vary depending on the seller’s policies. Installment duration refers to the period of time over which an installment plan extends. It represents the length of time during which the buyer will make regular payments to repay the total purchase amount, including any interest or financing charges. The installment duration is typically determined by the seller or lender and may vary depending on factors such as the type of product being purchased, the buyer’s financial situation, and the terms of the installment agreement. Shorter installment durations result in higher installment payments but lower overall interest costs, while longer durations lead to lower installment payments but higher total interest costs. Enter the duration number in the “Installment Duration” field and click the Next button. A sample of installment sale shown below snapshot A sample of installment sale shown below snapshot A sample of installment sale shown below snapshot Here are the generated Installments. Fill up the required field and hit the submit button. List Installment Sale To view a list of installment sales expand the “Installment Sale” menu from the left sidebar, and click on the “List Installment Sale” menu. Click on the “Print Invoice” and “Download Invoice” buttons from Actions to print and download the “Installment Sale Invoice”. Installment Collection To view the Installment Collection expand the “Installment Sale” menu form the left sidebar, and click on the “Installment Collection” menu. First select a customer from whom you want to collect installment payments. After selecting the customer, you will see the invoice of that customer in the “Select Installment” field on the right side, select the desired invoice, and click on the submit button. After selecting the customer and invoice and submitting, you will see the installment lists of that invoice. Edit the installment for which you want to receive payment. After clicking the edit button you will see an interface like below snapshot. Enter the amount in the Paid Amount field, and select a payment method from the Account field, then click the Submit button. List Due Installment To view a list due of installment expand the “Installment Sale” menu from the left sidebar, and click on the “List Due Installment” menu. Here you can filter by those who have due within 3 days, 7 days, 15 days. Send SMS to all Due Customers To send the message to the customers who hvae due, select them and click on the submit button. Installment Report To view the “Installment Report” expand the “Report” menu from the left sidebar and click on the “Installment Report” menu. Select a customer after selecting the customer you will see the list of invoices in the invoice field as per the customer. Then select a status and click on submit button. Installment Due Report To view the installment due reports expand the “Report” menu from the left sidebar and click on the “Installment Due Report” menu. Select a customer, select outlet from the outlet field to filter report according to outlet.