How to Manage Customer Loan/EMI/Payment Account in Hitech Billing Software

Описание: #customerloanaccount #loanaccount #emipayment #billingsoftware
Download hitech loan management software: https://billingsoftwareindia.in/ or call +91-6262989804
Friends, if you are a retailer and your business is of electronics, home appliances or mobile, TV, then you can sell these products to your customers on loan or EMI, and manage their loan account, that too very easily, because hitech is giving you a very advanced new feature called Customer Loan Account.
In today's video, we will tell you how to create a customer's loan account in hitech software, and how to manage the EMI payment received from the customer and where is its impact in the software such as Payment Transaction Entry , Payment Posting, Profit & Loss, etc.
So first of all, let us understand what is a customer loan account and what is its use and from where these features can be used in hitech software.
Customer loan account is the account that contains the information about the products sold to the customer on loan or EMI, payment and all the loan details of the customer, such as the customer's loan amount, loan starting date, invoice amount, loan account name, processing fee, No. of EMI, how much is it, and EMI per month are some details.
Now let us see what is the use of this customer loan account. Customer loan account is used when the seller provides the product to be sold to his customer on loan and takes the payment in EMI - on monthly installment basis from the customer.
So let us see further how to create and manage customer loan account in Hitech Billing Software.
1. First of all we will create a customer's sales invoice and in this we will add that products which we want to provide in loan or emi, after adding the item, we will now receive the payment.
Now here you can see that the total amount of the invoice is Rs 20,000. And the customer is paying you Rs 10,000, and wants to pay the remaining amount in EMI. After this, by clicking on the save and print button, you can take a print out of the invoice and give it to your customer or keep it with you and you can also see the balance amount of the customer in the invoice.
Moving ahead...
2. Now we will create a loan account of the customer and link that invoice with the loan account.
For creating the loan account of the customer, click on the left hand side option CUSTOMER and then click on Add customer loan account.
Here a window will open for ADD CUSTOMER LOAN ACCOUNT.
In this form, you have to fill the customer's loan details such as- contact number, if the customer's name is already created, then you can select it from the drop down or you can also create a new one, you can also select the invoice number from the next drop down, and you can also link this invoice with the account. After selecting the invoice number, you will also see the outstanding amount of this invoice, which helps you to know the loan amount.
It is to note here that it is not necessary to select the invoice number, you can create a loan account even without selecting the invoice number.
Here we have typed the loan account name iPhone and added processing Rs 10000, loan amount is Rs 10000 and number of EMI is given for 10 months.
Now, after this, enter the loan account name, processing fee, loan amount, number of EMI and click on the save button.
After this step, you will see a message on your screen in which it is written that LOAN ACCOUNT HAS BEEN SUCCESSFULLY CREATED.
Here you can also see the EMI schedule of the customer and by clicking on Print EMI schedule, you can print out the EMI schedule in PDF format and give it to the customer.
So that the customer will remember when he has to pay EMI.
Here the loan account of the customer is created.
Moving on....
3. Customer's invoice is created, customer's loan account is created, now it comes to receive the payment, whenever the customer comes to you to pay EMI, then from where can you receive the payment?
To receive payment, you will see the option of PAYMENT IN on the dashboard, you have to click on PAYMENT IN.
After clicking on PAYMENT IN, click on EMI loan payment tab. After that, select the name of the customer from the dropdown from whom you want to receive the payment.
After selecting the customer, you can see how much is the total outstanding amount of the loan and how much is the outstanding EMI left.
After this, you have to select the loan account, if that customer has multiple loan accounts, then you can also select the loan account from the dropdown.
Now after this, select the mode of payment and add the amount.
Click on the save and print button and take the print out of the payment receipt, and you can give it to your customer. So this is how you can also receive EMI payment from payment in.
Payment received from the customer, and payment history can be seen by going to the customer's loan account and clicking on the payment tab, you can see the payment history, how much has been received and how much is out standing.