Lending & instalments

In Rowdx

1. Sidebar
2. Lending & instalments

included in the Business and Enterprise plans

Rowdx has two ways to sell to a customer in instalments; pick what fits your business:

Method	For	Where
Invoice instalments	A shop selling goods and spreading the balance (furniture, devices, training courses)	Instalment the balance button on the sales invoice
Loans	Financing and instalment companies granting amounts with interest or profit and collateral	The Lending & instalments module

Instalments on an invoice

The simplest and most used; no setup needed.

1. Submit the sales invoice as usual. If the customer paid a down payment, record it as a payment.
2. On the invoice, payment section: Instalment the balance.
3. Enter:
   • Number of instalments.
   • Frequency: monthly, every two weeks, weekly.
   • First instalment date.
   • Customer mobile for reminders.
   • Remind the customer automatically and remind before due by (3 days by default).
4. Approve instalments: the balance is split into equal instalments (rounding difference on the last one), and the schedule shows on the invoice.

After setting instalments

• Collecting: record any customer payment against the invoice as usual, or send a payment link. Each amount paid covers instalments in order from the oldest, and each instalment's status (due, partly paid, paid, overdue) updates automatically.
• Automatic reminders: before the due date by the set number of days, on the due date, and three days after it's overdue. Sent by WhatsApp if WhatsApp is enabled, otherwise by email, once per reminder.
• Staff alerts: the bell shows what's due today and what's overdue every day.
• Send schedule on WhatsApp: a button on the invoice sends the instalment schedule to the customer.
• Cancel instalments: from the invoice; recorded payments stay as they are.

Follow all instalments in Accounting → Sales & receivables → Customer instalments, filtered by status or next due date. The Collections screen in the same group gathers all overdue amounts with reminder buttons.

Loans (for financing companies)

Setup

In Rowdx

1. Lending & instalments
2. Setup

1. Loan products: per financing product: annual interest or profit rate, calculation method, maximum amount and term, late penalty, and the accounts (loan, interest, penalty).
2. Loan security types and loan securities: if you lend against collateral (gold, shares, property) with its value and loan-to-value ratio.

Loan cycle

1. Loan application: the customer (or employee, for staff loans), product, amount and repayment method (number of instalments or instalment amount). Approved or rejected.
2. Loan: from the approved application: Create → Loan. The repayment schedule shows each instalment (principal + interest).
3. Loan security pledge if any.
4. Loan disbursement: record handing the money to the customer (in full or in tranches), with an accounting entry.
5. Interest accrual: calculated periodically and automatically.
6. Loan repayment: each customer payment, allocated to interest, penalty and principal.

Other operations

Operation	When
Loan restructure	The customer asks to change the term or instalment amount
Loan adjustment	Correct a balance or waive part
Loan write-off	An uncollectible loan written off as a loss

Menu map

In Rowdx

1. Sidebar
2. Lending & instalments

Main items

• Loan ApplicationList
• LoanList
• Loan DisbursementList
• Loan RepaymentList

Setup4

• Loan ProductList
• Loan Security TypeList
• Loan SecurityList
• Loan Security PledgeList

Operations4

• Loan Interest AccrualList
• Loan Write OffList
• Loan RestructureList
• Loan AdjustmentList

Items you have no permission for, or that are not in your plan, are hidden from your menu automatically.