Savings Schemes

A jewellery savings scheme: the customer pays a fixed instalment every month for a tenure, the shop accrues either money or gold grams at the board rate of each payment, and at maturity the balance plus a bonus is redeemed against a purchase. This feature adds the plan master, member accounts, instalment collection, maturity and redemption, and the four scheme reports.

Switch: Settings > Jewellery > Savings Schemes. Permission: Savings Schemes.

Where it appears

Jewellery shell: Savings Schemes in Navigation, Scheme Plans under Management, four reports under Jewellery Reports. POS page (opt-in businesses): Jewellery > Savings Schemes and Master > Scheme Plans.

Flow

flowchart TD
    P[Scheme Plan
tenure · instalment · accrual mode: amount or grams
bonus · redemption rules · grace · penalties] --> A[Enrol member: plan · start · due day · nominee · KYC]
    A --> AC[(The scheme account)]
    AC --> I[Instalment due each month]
    I --> C[Collect: amount · tender · receipt]
    C --> IN[(Instalment paid · rate applied · grams accrued)]
    IN --> PB[Passbook · WhatsApp receipt]
    I -->|missed| M[Dues & Overdue · reminders · default after N]
    AC -->|tenure complete| MAT[Maturity due list]
    MAT --> R[Redeem: bonus · rate applied · value]
    R --> S[Sales Invoice with scheme credit applied]
    S --> RD[(Redemption applied to the sale)]
    AC -->|early| E[Early closure · penalty · refund]
    O[Old account from before the app] --> AC

Every instalment is a Payment In with the rate of the day; redemption applies the accrued value to an ordinary invoice.

Screens

Scheme Plans - name, code, tenure months, instalment amount (or min/max/multiple for flexible), accrual mode (amount or grams at a purity), contribution mode, bonus type and value, redemption mode and minimum months, early-closure penalty, grace days, default after missed count, terms, buyer-app visibility.
Savings Schemes - member accounts by status (running, matured, redeemed, defaulted, closed) with paid count, accrued amount / grams, next due; collect, view passbook, print statement, close, redeem. An account carried in from before the app is entered with instalments already paid and grams accrued.
Collect - the instalment sheet: amount, tender, receipt; late fee where the plan says so.
Redeem - shows accrued value, bonus, rate applied, penalty if early; hands the credit to the sales invoice.

Setting it up

flowchart LR
    A[Settings > Jewellery
Savings Schemes on] --> B[Create a Scheme Plan
tenure · instalment · accrual · bonus]
    B --> C[Enrol the first member
start date · due day · nominee]
    C --> D[Collect instalment one]
    D --> E[Passbook and receipt]
    E --> F[Dues list watches the rest]
    F --> G[Maturity list · redeem against a purchase]

Switch it on, put the master behind it in place, then do the first one — in that order, or the first one will not have anything to pick.

Reports

Scheme Collection Register, Scheme Dues & Overdue, Scheme Maturity Due List, Scheme Liability Outstanding.

Switching off with running accounts warns at save; close or redeem them first.