MYCFO for Sale on Installment
Accounting for businesses that sell on installment. The industry modules for this edition are coming soon. The MYCFO core already covers your everyday bookkeeping today.
Sale on Installment
Available today with core MYCFO
- Ageing receivables and overdue lists for sales invoices
- Sequentially numbered customer receipts
- Agreements attached to vouchers
Planned for this edition
- Installment plans & schedules
- Installment overdue tracking
- Reminders
- Guarantor details
- Collector / recovery tracking
Made for installment sales businesses
MYCFO for Sale on Installment is aimed at:
- Consumer electronics and appliance installment sellers
- Motorcycle and vehicle installment dealers
- Furniture installment retailers
- Small installment and lease businesses
What makes accounting hard in this industry
Many small collections
Hundreds of small monthly payments must be recorded quickly and without errors.
Knowing who is behind
It is hard to see which customers are late without a clear record of every receipt.
Several collection points
Branches and collection centres each receive cash that must be reconciled.
Documentation
Agreements, guarantor papers and ID copies need to stay with the customer's records.
How the MYCFO core helps today
These MYCFO features are available now. They are general accounting features, not the industry modules planned for this edition. Highlighted cards show how they apply to installment sales businesses.
Accounts & general ledger
4-level chart of accounts, Record General Entry, General Journal, Recurring Transactions and Budget.
Banking
Bank Payment and Bank Receipt vouchers with Paid To / Received From.
Purchase & Sale
Sales and customer receipts, each automatically numbered.
Inventory
Item list, stock received and consumed, and a Stock Register.
Payroll
Employees and salary sheets.
Projects & Jobs
Projects and linked jobs on every voucher line, with budgets and opening balances.
Branches
Tag sales and collections to each shop, branch or collection centre.
167 reports
Ageing receivables and overdue lists for normal sales invoices are available today. Installment schedules are planned.
Attachments
Attach agreements and ID copies to the sale voucher.
Tax codes
Tax by code and rate on document lines. Does not prepare national tax returns.
Home currency per company
Choose each company's home currency from 154 world currencies. Vouchers are entered in the home currency.
Excel, print & backups
Excel import/export, Print and Send to Excel everywhere, and dated backups with Restore.
Planned for this edition
Industry-specific modules planned for MYCFO for Sale on Installment. These are not available yet. Join the waitlist to hear when they are ready, or talk to sales about your requirements.
Installment plans & schedules
Define plans (down payment, number and amount of installments) and generate due dates per sale.
Installment overdue tracking
Overdue lists and ageing by installment due date.
Reminders
Reminder lists for upcoming and overdue installments.
Guarantor details
Record guarantor information against each installment sale.
Collector / recovery tracking
Assign customers to recovery staff and track their collections.
Be first to know when MYCFO for Sale on Installment is ready
Join the waitlist, or talk to sales about using the MYCFO core today. Prices in USD. Customers worldwide welcome.