Header tab

Subject

In this field enter or select from drop-down menu of Subjects register the subject from whom you received the loan.

Name 2

Enter name 2 of a subject, or when selecting subject in field Subject this value fills automatically.

Contact

Enter or choose from drop-down menu of Subjects register contact person from creditor.

External Contract No.

Enter contract number that we found on contract.

In case this data is used when posting only first 35 characters will be entered in posting journal. 

Document 1/ Document 2

Custom field set from Document Types tab Field descriptions.

Fields are intended for any use for document 1 and document 2. 

In case this data is used when posting only first 35 characters will be entered in posting journal.

Date of Approval

Enter date of loan approval that we found on loan agreement.

Repay. End

Completion date of the loan calculated automatically when entering other parameters: start of repayment, the number of instalments and the data number of instalments per year.

Repayment Start

Enter the actual start date of loan repayment.

End of pay.

Enter the end date of loan repayment.

Loan Start

Date when interest calculation starts.

Months of Moratorium

Enter the number of months for moratorium on pay back of the principal. Blank field means that there is no moratorium on principal.

A moratorium period is a time during the loan term when the borrower is not required to make and repayment. It is a waiting period before which repayment by way of EMIs begins. Normally, the repayment begins after the loan is disbursed and the payments have to be made each month.

Our Contact

Enter the name of person responsible for the loan in our company.

Interest Rate

Choose interest rate from drop down menu (for example: three month Euribor). The second field shows value of selected interest rate. Interest rate value cannot be manually changed in this field. In case we do not have interest rate in our codebook and we do not want to add it we can leave it empty and manually enter percentage in field for nominal interest rate (Field Percentage).

HINT Field remains coloured red just to remain us that interest rate from codebook is not selected.

Percentage

Enter the interest rate determined under the contract. For example: the nominal interest rate on the loan received.

Currency/Exch. Rate

It is local currency by default settings. When loan is in foreign currency, we need to select it from drop down menu.

Prepare Installments

When we enter all credit parameters, we should click on Prepare Instalments button. Pantheon will calculate instalments which should be paid with respect of selected parameters. If we change some parameter in the document header, click Prepare Instalments button.

Refresh

By clicking the button fields are refreshed.

Principal

Enter loan principal value.

Loan/Leasing Calculator 

By clicking on the Calculator icon, you can calculate the instalment amount yourself and also recalculate all instalments according to the calculation.

Read more in chapter Loan/Leasing Calculator.

Deposit Amount/Loan fees

Enter deposit amount if agreed in contract.

Contr. Value/Tax Type

Contract value will be automatically calculated. Contract value is principal increased for deposit amount.

Tax Type

Choose tax type from drop down menu. For example: purchase of production machine has tax type 2B.

No. of Instalments

Enter total number of instalments agreed in contract.

Short term loan has maximum of 12 instalments, long term contract has more than 12 instalments.

Instalment type

Select for what kind of an instalment type it goes:

• Yearly: one instalment per year
• Monthly: 12 instalments per year

Total Credit

The total credit is loan and interest throughout the period of repayment.

Total Payment

 It is the total value of the credit payment.

Outstanding

Outstanding amount is the total amount of the credit minus the total amount of payment.

Reference

Reference box information is transferred to the payment order when preparing payments for the repayment of the loan principal or interest.

Due VAT

Enter the maturity date of VAT payment. For example: financial lease for the purchase of production machine, where the VAT is paid to supplier upon payment of the first instalment.

VAT

Mark whether this is credit with VAT or without it. Choose between:

• Incl. VAT – If you have a financial (capital) lease is taxable with VAT.
• Excl. VAT - The loan is generally exempt from VAT (excluding VAT).

Department

Select a department from the drop-down menu.

Cost Center

Select a cost center from the drop-down menu.

Date Changed

Enter the date when the interest rate change occurs.

Int. Rate

Enter new interest rate.

Format

Choose credit format, whether it is loan or financial lease or operating lease or bank guarantee. Choose between:

• Credit (loan)
• Financial Lease
• Operating Lease
• Bank Guarantee

 For detailed instructions follow the link document type register.

Repayment Type

Choose repayment type. 

Choose between:

• Equal Annuity
• Equal Repayment
• By payment plan

HINT If the option By payment plan is chosen new tab appears Payment Plan.

For detailed instructions follow the link document type register.

Interest Rate Calculation Method

Choose interest rate calculation method:

• Monthly (linear)
• Monthly – Avg. Days (30.42 days per month)
• Continuous Compounding by day (on the last day of the month)
• Continuous Compounding by day (on given day)
• Continuous Compounding by Month 

Grace period (in days)

Enter the additional days allowed for late payment

Print

By clicking on this button preview of report is shown.