Working with Installment Item
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Add a Product
Based on the type of business and the nature of products, FiNPOS maintains 7 product types: General Products, Variation Products, IMEI Products, Serial Products, Medicine/Expiry Products, Installment Products, and Servicing.
Here we will discuss only “Installment Product”.
Installment Product is best applicable for high-value items such as TVs, Air Conditioners, Refrigerators, or other appliances that customers often purchase on an installment basis. This product type helps businesses manage installment plans, payment schedules, and outstanding balances with ease.
To create a new Installment item/product, follow these steps:
Expand the Item/Product menu from the left sidebar.
Click on the Add Item/Product option.
Select Installment Product as the product type.
Enter the product details along with its installment plan information to complete the setup.
In this lesson, we will show only how to add Installment Product.
Select a type from the Type field and enter an “Alternative Name” for this product, “Alternative Name” for a product typically refers to an additional name or label that can be used to identify the product in the system.
To set opening stock for every outlet click on the “Opening Stock” field after clicking that you will see an outlet list, set opening for individual outlets.
How to add loyalty points to an item? Click here to read the article.
NB: Serial products only work with single units.
Select the unit from the unit field as per your need.
If you have a Warranty Or Gurantee of a product then you should enter amount Warranty and Warranty Type like Day,Month or Year. If you select Warranty 6 month that means 6 months will be counted from when the product is sold. This will work for the rest and the guarantee.
Warranty Gurantee Show in invoice.
Alert Quantity: It refers to the minimum quantity of a product or item that triggers an alert or informs the relevant personnel that the stock level has reached a predefined threshold
