Thanks for this helpful tutorial. What if we only have a short term loan - let's say a credit card loan for only 6 months. The system doesn't allow .5 years in the compute window. If I change the duration to 6 months in the main screen, it doesn't recompute the loan ammortization schedule.
Great feature. Questions I have: - quarterly payments (are there options to edit these) - tax rules for the interest accruals (many countries have withholding tax on interest payments/accruals) - what about other currency loans (I dindnt see a currency change symbol) - last but not least: I wonder if we can remodel it to use it to loans that the business might give to others?
- You can adapt to quarterly payments but keep in mind (1) The number of months you enter = the number of JE that get created so if you have a 5 year loan with quarterly payments you'll either want to create "0" lines on the amortization schedule or make the number of month equal to the number of payments and skip dates in your amortization schedule. - You can't do this directly and I haven't tested but a solution may be to create an automatic transfer in Accounting > Transfers that runs every month to move a % of what is in your interest account to a tax payable account. - Doesn't look like it's possible to change the currency at this time. - It was not designed for this but you should test and let me know!
Very helpful video. You are great. Thanks
Fantastic video! The explanation is exceptionally clear and very well delivered.
Thanks for this helpful tutorial. What if we only have a short term loan - let's say a credit card loan for only 6 months. The system doesn't allow .5 years in the compute window. If I change the duration to 6 months in the main screen, it doesn't recompute the loan ammortization schedule.
Very Informative... Thanks
Great feature. Questions I have:
- quarterly payments (are there options to edit these)
- tax rules for the interest accruals (many countries have withholding tax on interest payments/accruals)
- what about other currency loans (I dindnt see a currency change symbol)
- last but not least: I wonder if we can remodel it to use it to loans that the business might give to others?
- You can adapt to quarterly payments but keep in mind (1) The number of months you enter = the number of JE that get created so if you have a 5 year loan with quarterly payments you'll either want to create "0" lines on the amortization schedule or make the number of month equal to the number of payments and skip dates in your amortization schedule.
- You can't do this directly and I haven't tested but a solution may be to create an automatic transfer in Accounting > Transfers that runs every month to move a % of what is in your interest account to a tax payable account.
- Doesn't look like it's possible to change the currency at this time.
- It was not designed for this but you should test and let me know!
Informative
The best Odoo Videos on RUclips, Truly masterpiece Kevin you have helped me a lot, i hope we contact if that's Ok for you.