Monthly schemes without the passbook muddle.
This module manages the monthly instalment schemes that showrooms run for customers. It covers enrolment, instalment receipts, statements, reminders for missed instalments and maturity. Schemes can build up money or gold weight at each day's rate. At maturity the value adjusts against a purchase bill, so the scheme desk and the billing counter agree.
Manages monthly instalment schemes: enrolment, instalment receipts, passbook or app statement, reminders for missed instalments and maturity. Supports schemes that accumulate money or gold weight at each day's rate, and adjusts the maturity value against a purchase bill.
Inside the module.
Scheme enrolment
Enrol a customer as a member of a scheme.
Instalment receipts
Each instalment is receipted and added to the member's account.
Money or weight
A scheme can accumulate rupees, or gold weight at each day's rate.
Passbook or app statement
Members see their instalments in a passbook or an app statement.
Missed instalment reminders
Members who miss an instalment get a reminder.
Maturity adjustment
The maturity value is adjusted against a purchase bill.
Questions, answered.
Can a scheme accumulate gold instead of money?
Yes. A scheme can build up money, or gold weight credited at each day's rate when the instalment is paid. The member's statement shows it either way.
What happens at maturity?
The maturity value is adjusted against the customer's purchase bill at the counter. The cashier does not need a separate voucher to bring the scheme amount in.
Does the software decide what terms a scheme can have?
No. The terms of a scheme, and any rules that apply to it, are for you and your advisers. The software records enrolments, instalments and redemptions as you have set the scheme up.
Which Kreon products include gold savings schemes?
Jewellery Showroom and POS Software. It can also be added to a custom system.
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