Create an instalment contract, generate the schedule, record a collection and read the arrears. Every change recomputes for real, using the same logic the program uses.
Teaching simulation
This is a teaching demo running in your browser on sample data. It sends no real invoices, messages or orders.Card Instalments
Watch the whole flow, or jump to any step
This is a teaching demo running in your browser on sample data. It sends no real invoices, messages or orders.
From creating the customer file to printing the schedule.
The walkthrough above explains it. This one runs: change the numbers and record a collection, computed with the same logic the program uses.
Card Instalments — teaching demo
Change the numbers and record a collection; the schedule and report really update
This is a teaching demo running in your browser on sample data. It sends no real invoices, messages or orders.
You start by creating the customer file: name and mobile number. In the real program the file also holds attachments and the customer’s earlier contracts.
You enter the agreement value, the down payment and the number of instalments. The financed amount is the difference between the agreement and the down payment, and the monthly instalment is that divided by the term. When it does not divide evenly, the final instalment carries the remainder so the rows add back up to the financed amount exactly.
The program generates a dated schedule, one instalment per month, with the outstanding balance after each row. This is the schedule that gets printed and handed to the customer with the contract.
When a payment arrives you record its amount, and the program applies it to the oldest outstanding instalments first. If it covers one instalment and part of the next, the first shows as paid and the second as partial. Each payment produces a receipt voucher.
The summary shows total collected, total outstanding and what is overdue as of today, plus the next instalment and its date. This is the list a collector works from every day.