Header tab

Subject

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

Name 2

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

Contact

From the drop-down menu from the Subjects register, enter or choose the contact person from the creditor.

External Contract No.

Enter the contract number that you can find in the contract.

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

Document 1/ Document 2

Custom field set from the 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 the first 35 characters will be entered in the posting journal.

Date of Approval

Enter the date of loan approval that you can find on the loan agreement.

Repay. End

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

Repayment Start

Enter the actual start date of the loan repayment.

End of pay.

Enter the end date of the loan repayment.

Loan Start

Date when the 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 a repayment. It is a waiting period before which the 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 the person responsible for the loan in our company.

Interest Rate

Choose the interest rate from the drop-down menu (for example: three month Euribor). The second field shows the value of the selected interest rate. The 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 the percentage in the field for nominal interest rate (Field Percentage).

HINT The field remains coloured red just to remind us that the interest rate from the 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 the local currency by default settings. When the loan is in foreign currency, we need to select it from the drop-down menu.

Prepare Installments

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

Refresh

By clicking on this button, the fields are refreshed.

Principal

Enter the loan principal value.

Loan/Leasing Calculator 

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

Read more in the chapter Loan/Leasing Calculator.

Deposit Amount/Loan fees

Enter the deposit amount if agreed in contract.

Contr. Value/Tax Type

The contract value will be automatically calculated. The contract value is the principal increased for a deposit amount.

Tax Type

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

No. of Instalments

Enter the total number of the instalments agreed in the 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

The outstanding amount is the total amount of the credit minus the total amount of the payment.

Reference

The 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 the VAT payment. For example: financial lease for the purchase of production machine, where the VAT is paid to the 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, it 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 a new interest rate.

Format

Choose the credit format, whether it is a loan or a 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 the 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 an 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 a preview of the report is shown.