Managing Vendor Payables, Customer Credit, and Loan EMIs

Learn how to track outstanding receivables from parties, set due date reminders, and calculate amortization for bank loans and business EMIs.

Local Practice Note: Written and maintained by CodeXPal product engineers and business analysts in Kathmandu. This guide reflects current Nepalese legal, banking, and commercial procedures.

Step-by-Step Implementation Guide

Open Party Ledger

Select the customer or vendor profile to see their comprehensive ledger balance, recent payments, and outstanding credit.

Record a Loan or EMI Commitment

Navigate to Debts & Loans > New Record. Specify the principal amount, interest rate (if applicable), tenure, and monthly installment date.

Automated Reminders

KhataIN will display upcoming payments on your dashboard pulse and can dispatch automatic reminder notifications before due dates.

Frequently Asked Questions (Nepal Context)

Q: Can partial repayments be recorded?

Yes, any partial payment automatically updates the remaining principal balance and recalibrates remaining installments.