Learn to create a system for managing loans and installments in Excel (Annual, monthly, weekly and daily) it will help you a lot in your office work. Especially if you want to keep track of your income without having to request the services of an accountant. And keep everything on your computer in a more organized and efficient way.
It is very easy to use Exel, we just have to practice and know the basic concepts and especially the use of the functions. You are not very familiar with the use of this application we will ask you to stay with us to make you learn the steps to follow and the heads to use the calculation of the Exel sheet.
How to build a loan and installment management system in Excel
To start we will go to program Excel and in April a new spreadsheet and we'll call it Client. And in this sheet we will enter all the customer data, we can place a column with Reference, another column Name and Surname. Another column with ID or identification data.
We can also add to have more data in our table, a column with the Address and finally another column with the Telephone Number. And we started emptying the shopper information in this box. And so we can have a broader knowledge of each person who will accuse you.
But remember, this data we offer you is referential and you can add more columns to your table. Everything has to be adapted to your needs, eventually you will create a new sheet and this should be called a calculation or calculator. In it you will go to the magnifying glass so that the customer looks for you, you just have to enter name and it will appear in a separate box.
When it appears, you have to choose it and it will appear as a buyer, then you have to go to the option Credit amount, i.e. how much money will be lent to this customer. In the mode option you should see a small arrow indicating that there are several options. Let's make a clip on it and it will appear four modes Daily, Weekly, Biweekly and Monthly.
Management of daily, weekly, biweekly and monthly receipts
For our example, we will place Monthly, then we will go to the Interest Rate option and we can place 10%. Based on the borrowed amount, you should already show a profit in the generated interest table. Then go to the option of how many installments and enter the number of installments that the borrowed money will pay off.
When you enter this information in the Installment amount box, it should show how much the customer has to pay in each installment. And you also have to generate a figure in the Total to pay option and to finish you have to fill in the Date option. Now you just need to make a clip on the icon of the calculator and this action will take you to the status sheet.
This form must contain the customer's data, the amount of the loan, the method, the amount to be paid for each installment, the due date of each installment. And that way you can keep track of each customer, with the debt brought and the payment date of each installment. And all in a very simple way with the Exel spreadsheet.
And in this way we have explained to you the very simple way to use the calculation tool if you want to make a system for managing loans and installments. in Excel Yearly, monthly, weekly and daily. Without having to resort to other more complicated programs to use.
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