Hire Sales
Hire Sales in PrismERP is used to manage installment-based sales from initial configuration to payment collection and reporting. The process starts with activating the Hire Sales module and configuring the required EMI rules, interest rates, and payment conditions. Products can be configured for EMI sales with specific tenure, minimum down payment, effective date, and branch settings. Users can create hire sale invoices by selecting the customer, EMI-enabled product, and applicable tenure. PrismERP generates EMI schedules based on the configured tenure and payment conditions, allowing users to track scheduled installments and payments. Users can record installment payments through the EMI payment receive voucher, while late payment fees, defaulter interest, and early payment discounts are processed according to the configured settings. The system provides reports for reviewing hire sales, customer ledgers, collections, portfolio information, daily installment dues, and defaulter interest.