Hire Purchase feature for recurring payment

ERPNext Accounting
1

Hi

I am new to ERPNext and been checking on some features. We have a hire purchase asset which we like to book this payment to the crediting company monthly. Is there a feature whereby we can just enter the loan amount and details and it can help to auto create this recurring payment on a monthly basis till the loan is fully paid? If not, is there a way to customise this?

Thanks!
Boon Yar

2

Would the subscription feature meet your needs?

3

Hi Pawan,

Thank you for your speedy reply. :slight_smile:

I understand subscription module is with the customer. For this case, we actually want to book entries which we are due to pay the financing company which we have a hire purchase for our company vehicle.

Not sure if we can tweak this module anyway to suit our needs?

Thanks
Boon Yar

4

You can use subscription for purchase invoice too

5

Hi @olamide_shodunke

Ok let me try this out on Purchase Invoice and discuss with my user.

Thanks all for advice.

Cheers
Boon Yar

6

I have configured for payment term template. it will give you due report.

7

Hi Sanath,

I am looking for Hire Purchase module/functionalities in ERPNext.
Do you know if such a feature is available or can be customized?

Thanks,
Achyut

8

how it impliment ?? can you please explain steps