To record your repayment plan, go to the financials of the relevant contract.
Then click on Actions > Add a repayment plan.
You can now enter the details of your repayment plan:
Name the plan
Total amount:
Enter the total sum of the unpaid amounts covered by the plan.Monthly amount:
Enter the amount your tenant must pay at regular intervals.Start date:
When does the repayment begin?Payment frequency:
Should the tenant pay monthly, quarterly?Payment day:
On which day of the month should the payment be made?
Click Validate to create your plan.
The software will generate the total amount of the repayment plan to temporarily "settle" your tenant's debt.
📌 Make sure to reconcile the total amount of the repayment plan with the unpaid amounts.
Now that your repayment plan has been added, Smovin will automatically generate the monthly installments until the plan is fully repaid.
The "Unpaid"/"Paid" tag allows you to quickly see whether your tenant has made their monthly payment.
You can always modify or close the repayment plan from the Timeline section of the contract by clicking on the "...".
