US Bank-Loan Schedule
Term loans, amortization schedules, interest accrual & covenants (US)
Term loans, amortization schedules, interest accrual & covenants (US)
Key Features
Level payment (annuity)
Level payment (annuity) — constant payment A = P r / (1 - (1+r)^-n) with the closing payment absorbing rounding so the schedule lands on a zero balance to the cent.
Equal principal
Equal principal — same principal each period, declining interest.
Interest-only + balloon
Interest-only + balloon — interest each period, full principal at maturity.
Balloon
Balloon — payment sized on a longer notional amortization term but matured early with a balloon equal to the outstanding balance.
Day-count conventions
Day-count conventions — 30/360 and Actual/365 genuinely change the interest accrued each period.
Multiple payment frequencies
Multiple payment frequencies — monthly, quarterly, semi-annual, annual.
Interest accrual
Interest accrual — accrue interest from the last accrual date to any date on the current outstanding balance and post a balanced journal entry (Dr Interest Expense / Cr Interest Payable). Accrual records prevent double-posting overlapping w
Scheduled payment posting
Scheduled payment posting — split each period's payment into its principal and interest components in the general ledger.
Track DSCR, current ratio, leverage, minimum EBITDA, max
Track DSCR, current ratio, leverage, minimum EBITDA, max CapEx and custom covenants with thresholds, recorded actuals and automatic compliance flags.
Loan status workflow
draft → active → closed / defaulted.
Screenshots
Why Choose This Module
Manage term loans, SBA loans, lines of credit and commercial mortgages with a real amortization engine, interest-accrual journals, covenant tracking and balloon handling — all inside Odoo Accounting.
Specifications
- Compatible: Odoo 18.0 / 19.0
- License: OPL-1
- Languages: English
- Author: Pokutsoft
- Dependencies: account
- Support: support@pokutsoft.com
Update date: 2026-07-05