OpenERP Loan Management As name suggest, loan management module is blend of all important functionalities like manage different type of loan, different calculation mode, borrowed & issued loans, loans with installment repayments with accounting entry, annuity repayment, possibilities for entering special repayments and many more options with it.
1. System helps you to create customized loan period.
2. You can categorize type of loan and manage it.
3. Loan types can be defined based on its calculation method(Flat and Reducing).
4. System allow you to compute installment based on amount, interest rate and period run time..
5. System maintains all interest versions which company wants to define.
6. It allows managing type of proof that company accepts and keep track.
7. You can keep track of all installment received from a customer with accounting entry.