Hire Purchase feature for recurring payment

Hi

I am new to ERPNext and been checking on some features. We have a hire purchase asset which we like to book this payment to the crediting company monthly. Is there a feature whereby we can just enter the loan amount and details and it can help to auto create this recurring payment on a monthly basis till the loan is fully paid? If not, is there a way to customise this?

Thanks!
Boon Yar

Would the subscription feature meet your needs?

Hi Pawan,

Thank you for your speedy reply. :slight_smile:

I understand subscription module is with the customer. For this case, we actually want to book entries which we are due to pay the financing company which we have a hire purchase for our company vehicle.

Not sure if we can tweak this module anyway to suit our needs?

Thanks
Boon Yar

You can use subscription for purchase invoice too

Hi @olamide_shodunke

Ok let me try this out on Purchase Invoice and discuss with my user.

Thanks all for advice.

Cheers
Boon Yar

I have configured for payment term template. it will give you due report.

Hi Sanath,

I am looking for Hire Purchase module/functionalities in ERPNext.
Do you know if such a feature is available or can be customized?

Thanks,
Achyut