How to make EMI payments in ERPNext?

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rahul nejanawar

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Sep 4, 2014, 6:31:19 AM9/4/14

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Hi All,

Please tell me how to deal with EMI payments and Loans in ERPNext.

Regards,

Rahul

Umair Sayyed

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Sep 4, 2014, 9:07:51 AM9/4/14

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Hello Rahul,

You should make Purchase Invoice for the total items value. Payment entries against that invoice will be made only for the EMI amount. In the payment entry, you can add interest account in another row.

To manage loan given/taken, you should create accounting ledger for the second party. Journal Voucher can be created using those ledgers as and when there is transaction happening.

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