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Loan Balance & Outstanding Tracking

Monitor Principal, Interest, and Payment Status

PrismERP’s Loan Balance & Outstanding Tracking feature provides comprehensive visibility into the current status of loans by monitoring principal amounts, accrued interest, and repayment progress. This functionality helps organizations keep accurate and up-to-date records of all outstanding loan obligations, ensuring better financial control and timely decision-making.

What is Loan Balance & Outstanding Tracking?​

This feature tracks the remaining principal on each loan, the interest accumulated but not yet paid, and the history of repayments made. It enables users to view detailed loan summaries, payment schedules, and outstanding amounts in real time.

Key Features​

✅ Principal and Interest Monitoring​

  • Displays outstanding principal amounts separately from accrued interest.
  • Tracks total loan amounts, amounts paid, and remaining balances.

✅ Payment Status Overview​

  • Shows upcoming payment due dates, amounts, and overdue status.
  • Includes detailed payment history with dates and amounts.

✅ Real-Time Updates​

  • Automatically updates balances as repayments are processed.
  • Reflects any penalties or additional charges applied.

✅ Detailed Loan Statements​

  • Generate loan statements showing outstanding amounts, payment schedules, and transaction details.
  • Exportable in PDF or Excel formats for customer communication or internal review.

✅ Multi-Loan and Multi-Currency Support​

  • Track multiple loans per borrower or account.
  • Support for loans in different currencies with conversion.

Integrated Modules​

  • Loan Management
  • Accounts Receivable
  • Payment Scheduling & EMI Management
  • General Ledger

PrismERP’s Loan Balance & Outstanding Tracking ensures your loan portfolio is accurately monitored, helping maintain financial discipline and supporting informed lending decisions.