What is EMI Schedule vs Collections reconciliation?

EMI Schedule vs Collections reconciliation is the process of comparing scheduled EMI dues with actual borrower collections to identify fully paid EMIs, partially paid EMIs, unpaid EMIs, overdue amounts, excess collections, failed payments, reversals, waivers, and open items.

Can Cointab identify EMIs due but not collected?

Yes. Cointab can show scheduled EMI records that do not clearly match borrower collection records.

Can Cointab identify collections without scheduled EMIs?

Yes. Collection records that do not clearly match an EMI schedule record can be shown separately for review.

Can Cointab handle partial EMI payments?

Yes. Partial payments, short payments, excess payments, split payments, and grouped payments can be compared where the data is available.

Can Cointab identify overdue EMIs?

Yes. Cointab can compare EMI due dates with collection dates and payment status to identify unpaid or partially paid overdue EMIs.

Can Cointab reconcile principal and interest splits?

Yes. Scheduled principal, interest, charges, penalties, collected principal, collected interest, and collected charges can be compared where the data is available.

Can Cointab reconcile NACH or auto-debit collections?

Yes. NACH, ACH, ECS, standing instruction, direct debit, autopay, and mandate-based collections can be reconciled where the data is available.

Can Cointab handle failed or bounced EMI attempts?

Yes. Failed, bounced, rejected, pending, retried, cancelled, reversed, and refunded EMI collection statuses can be included where the required data is available.

Can Cointab reconcile penalties and waivers?

Yes. Late payment fees, bounce charges, penalty interest, charge waivers, EMI waivers, settlement adjustments, and write-offs can be compared where the data is available.

Can Cointab identify duplicate collections?

Yes. Duplicate collection records can be flagged where the same loan ID, borrower ID, EMI ID, receipt number, UTR, bank credit, or payment reference appears more than once.

Can Cointab support grouped collections?

Yes. Multiple EMI schedules can be grouped against one borrower payment, bank credit, payment gateway settlement, NACH batch, or accounting posting where required.

Can I reuse this reconciliation every due cycle or month?

Yes. Once this template is selected and the workflow is used, the same setup can be reused for daily, weekly, monthly, due-cycle, collection-cycle, or custom reconciliation periods.

Can this run automatically?

Yes. Once configured, Cointab can receive or pull required reports through email, SFTP, or APIs where available, run reconciliation automatically, and push output back to downstream systems.

What if my EMI schedule or collection report format is different?

Cointab validates uploaded files against the expected format. If the file format is different, users can correct the file, update the workflow, or create a custom reconciliation.

Can AI help with EMI schedule and collection reconciliation?

Yes. AI can help match difficult open records, review messy payment references, analyze exceptions, create derived columns, and suggest possible reasons and next actions.

Can I manually match EMI and collection records?

Yes. Users can manually match records that the system and AI could not confidently match, and undo manual matches if needed.

Can I download the EMI schedule and collections reconciliation report?

Yes. Users can download Excel reports with fully matched, partially matched, overdue, unmatched, skipped, borrower-level, loan-level, EMI-level, and transaction-level details.

Popular reconciliation template

EMI Schedule vs Collections Reconciliation

Reconcile scheduled EMI dues with actual borrower collections to match due amounts, paid amounts, partial payments, overdue EMIs, penalties, reversals, waivers, and open items in one structured workflow.

Upload the required EMI schedule and collection reports, select the period, run reconciliation, and review fully matched, partially matched, unmatched, overdue, and skipped records.

Start this reconciliation Schedule guided setup

View demo report

Ready-made workflow · Reusable every period · Manual upload or automated data flow

EMI Schedule Report

Borrower Collection Report

Payment Gateway / Bank / NACH Data

Penalty / Waiver / Reversal Data

Cointab EMI Schedule-Collections Reconciliation

MatchedPartially MatchedOverdueUnmatchedSkipped

Reconcile scheduled EMIs with actual collections

EMI schedules show what borrowers were expected to pay, while collection records show what was actually received. Cointab helps compare the two and identify paid, partially paid, unpaid, overdue, reversed, or adjusted EMIs.

The EMI Schedule vs Collections Reconciliation template helps lending, NBFC, fintech, banking, and finance teams compare scheduled EMI dues with actual borrower payment records.

This helps teams answer questions such as:

Which scheduled EMIs were fully collected?
Which EMIs were partially collected?
Which scheduled EMIs are still unpaid or overdue?
Which collections do not match any scheduled EMI?
Which borrowers paid early, late, partially, in excess, or through split payments?
Which penalties, late fees, bounce charges, waivers, reversals, or adjustments explain the difference?
Which EMI collections were received but not updated correctly in the loan management system?
Which items need borrower follow-up, LMS correction, collection team review, finance review, or internal approval?

This template is useful for NBFCs, fintech lenders, banks, microfinance companies, digital lending platforms, loan aggregators, collection teams, finance teams, controllers, CFOs, and accounting firms that need a repeatable EMI schedule-to-collections reconciliation process.

Required files for this template

Cointab's ready-made workflow is designed around common EMI schedules, collection reports, loan management system exports, borrower master files, bank statements, payment gateway reports, NACH reports, failed payment files, reversal files, and supporting lending reports.

Data source	Example records
EMI Schedule Report	Used as the schedule-side report containing loan IDs, borrower IDs, EMI IDs, installment numbers, due dates, scheduled EMI amounts, principal, interest, charges, penalty rules, outstanding amounts, and repayment status.
Collection Report	Used as the collection-side report containing borrower payments, collection IDs, payment dates, collection amounts, payment modes, receipt numbers, UTRs, payment references, collected principal, collected interest, penalties, and collection status.
Loan Management System Export	Optional, but useful where EMI schedule, loan status, repayment status, overdue amount, borrower details, repayment method, and accounting status are maintained in an LMS.
Borrower Master File	Optional, but useful where borrower IDs, customer IDs, loan account numbers, borrower names, branch details, product details, repayment method, and loan status need to be mapped.
Bank Statement	Optional, but useful where collections received in the bank need to be compared with EMI collection records.
Payment Gateway / Collection Partner Report	Optional, but useful where EMI collections are received through payment gateways, PSPs, UPI, cards, net banking, wallets, payment links, or collection partners.
NACH / Auto-debit / Mandate Report	Optional, but useful where scheduled EMIs are collected through NACH, ACH, ECS, standing instructions, direct debit, autopay, or mandate-based collections.
Failed Payment / Bounce Report	Optional, but useful where scheduled collection attempts failed because of insufficient funds, mandate failure, bank rejection, expired mandate, technical failure, or borrower account issue.
Penalty / Charges Report	Optional, but useful where late payment fees, bounce charges, penalty interest, collection charges, taxes, or service charges need to be compared with EMI and collection data.
Waiver / Adjustment Report	Optional, but useful where EMI waivers, penalty waivers, principal adjustments, interest adjustments, settlement adjustments, write-offs, or manual corrections need to be reconciled.
Reversal / Refund Report	Optional, but useful where duplicate collections, failed collections, borrower refunds, payment reversals, charge reversals, or accounting corrections need to be reconciled.
ERP / Accounting Export	Optional, but useful if EMI collections, borrower receivables, interest income, principal recovery, penalties, charges, reversals, or accounting postings are maintained in SAP, Oracle, NetSuite, Microsoft Dynamics, Tally, Zoho Books, QuickBooks, or another accounting system.
Supporting Data	Optional supporting files can be used for loan mapping, borrower mapping, EMI mapping, payment reference mapping, UTR mapping, bank account mapping, branch mapping, product mapping, GL mapping, entity mapping, or other enrichment.

What Cointab matches in EMI schedule and collections reconciliation

Cointab compares scheduled EMI records with actual borrower collections across due dates, collected amounts, principal, interest, penalties, waivers, reversals, payment modes, and optional bank or payment partner records.

Scheduled EMIs and collected payments

Match EMI schedule records with actual collection records using loan IDs, borrower IDs, EMI IDs, installment numbers, due dates, payment references, and amounts.

EMI due amounts

Compare scheduled EMI amount, principal component, interest component, charge amount, penalty amount, and total due amount.

Collection amounts

Compare actual collected amount, principal collected, interest collected, penalty collected, charge collected, excess amount, short amount, and net received amount.

Paid, partial, and unpaid EMIs

Classify scheduled EMIs as fully paid, partially paid, unpaid, overdue, waived, reversed, or adjusted.

Borrower and loan details

Compare borrower IDs, customer IDs, loan account numbers, borrower names, branch details, product details, and repayment method.

Due dates and collection dates

Compare EMI due dates with actual payment dates to identify on-time, early, delayed, overdue, or period-shifted collections.

Penalties, charges, and waivers

Match late fees, bounce charges, penalty interest, collection charges, waivers, settlements, and manual adjustments with EMI collection data.

Failed and bounced collections

Compare scheduled auto-debit attempts, NACH status, failed payments, bounce records, retries, and repayment updates.

Reversals and refunds

Match duplicate collections, payment reversals, borrower refunds, charge reversals, and correction entries.

Internal records, if added

If LMS, bank, payment gateway, NACH, ERP, or accounting data is included, Cointab can connect EMI schedule and collection reconciliation with wider lending finance workflows.

Common EMI schedule and collections reconciliation exceptions

Cointab helps lending and finance teams focus on EMI differences instead of manually reviewing every due amount, borrower payment, installment, penalty, and collection record.

Scheduled EMI not collected

An EMI is due in the schedule, but no matching collection is found.

Collection without scheduled EMI

A borrower payment appears in collection data, but no matching EMI schedule record is found.

EMI partially collected

The borrower paid part of the scheduled EMI amount, but the full EMI is still not collected.

EMI marked paid but collection missing

The LMS or internal report marks an EMI as paid, but no matching collection record is found.

Collection received but EMI not updated

A collection exists, but the EMI schedule still shows unpaid, overdue, pending, or partially paid.

Amount mismatch

The loan ID, borrower ID, EMI ID, installment number, or payment reference appears to match, but scheduled EMI amount and collected amount differ.

Principal and interest split mismatch

The total collection matches, but principal, interest, penalty, or charge allocation differs.

Overdue EMI not flagged

An EMI is past due but is not correctly marked overdue in the collection or LMS report.

Late payment penalty mismatch

Late fees, bounce charges, penalty interest, or collection charges do not match expected values.

Waiver or adjustment mismatch

A waiver, settlement adjustment, write-off, or manual correction is present in one report but missing or recorded differently in another.

Duplicate collection

The same borrower payment, receipt number, UTR, EMI ID, or collection transaction appears more than once.

Excess collection

The borrower paid more than the scheduled EMI amount, and the excess needs review or allocation.

Split payment mismatch

One EMI is paid through multiple payments, or multiple EMIs are collected through one grouped payment without clear mapping.

Failed or bounced payment mismatch

A scheduled payment attempt failed or bounced, but EMI status, collection status, or borrower ledger was not updated correctly.

Timing difference

An EMI belongs to one due period, but collection appears in another period.

Wrong borrower allocation

A collection, reversal, waiver, penalty, or charge is mapped to the wrong borrower, loan account, branch, product, entity, or business unit.

Missing or unclear reference

Loan ID, borrower ID, EMI ID, installment number, transaction ID, UTR, bank reference, payment reference, or narration is missing, incomplete, or inconsistent.

Skipped record

A row cannot be reconciled because required data is missing, invalid, duplicate, incomplete, or unusable.

How this ready-made reconciliation works

Cointab pre-configures the workflow so your team does not need to rebuild the EMI schedule and collections reconciliation setup every period.

Select the template

Choose EMI Schedule vs Collections from popular reconciliations.

Select the period

Choose the day, week, month, quarter, due cycle, collection cycle, year, lifetime period, or custom period you want to reconcile.

Upload EMI schedule and collection reports

Upload the EMI schedule report, collection report, and any required LMS, bank, payment gateway, NACH, failed payment, penalty, waiver, reversal, ERP, or supporting files.

Validate file format

Cointab checks whether the uploaded files match the expected structure and highlights missing or incorrect columns.

Run reconciliation

Cointab applies predefined data preparation and matching logic for EMI schedule and collection data.

Review output

View fully matched, partially matched, unmatched, overdue, and skipped records.

Download or automate

Download the Excel report, or automate future data input and output through email, SFTP, or APIs.

Structured matching first, AI assistance for difficult cases

Cointab applies structured reconciliation logic first, then uses AI to help with difficult open records where fixed rules are not enough.

Structured matching

Structured matching can use:

Loan IDLoan account numberApplication IDBorrower IDCustomer IDBorrower namePayer nameEMI IDInstallment numberRepayment schedule IDCollection IDReceipt numberPayment IDPayment gateway referenceNACH referenceMandate IDBank UTRBank referenceBank narrationTransaction IDVoucher numberERP document numberBranch codeProduct codeLoan statusEMI statusCollection statusBank statusPayment partner statusNACH statusReversal statusFailure reasonScheduled EMI amountScheduled principal amountScheduled interest amountScheduled charge amountScheduled penalty amountCollected amountCollected principal amountCollected interest amountCollected penalty amountCollected charge amountWaiver amountAdjustment amountReversal amountRefund amountOutstanding amountOverdue amountExcess amountShort amountDue dateCollection dateBank credit datePayment processing dateReversal datePosting dateDerived or cleaned identifiers

Matching scenarios

One-to-one
One scheduled EMI record matches one collection record.
One-to-many
One scheduled EMI is paid through multiple collections, split payments, charge entries, waivers, reversals, or adjustments.
Many-to-one
Multiple scheduled EMIs are paid through one grouped collection, bank credit, payment gateway settlement, NACH batch, or accounting entry.
Many-to-many
Multiple EMI schedule records, collection records, payment partner records, failed payment records, and reversal entries are grouped and compared together.
Partial matching
Identifiers match, but scheduled EMI amount, collected amount, principal, interest, penalty, charge, waiver, or outstanding amount differs.
EMI-level matching
Installment-wise scheduled amount, due date, principal, interest, penalty, collected amount, outstanding amount, and status are compared.
Borrower-level matching
All scheduled EMIs and collections for a borrower are grouped to review paid, partial, overdue, and excess collection positions.
Batch-level matching
Collection batches, NACH batches, payment gateway files, bank credit batches, LMS exports, and accounting postings are compared together where required.
Net and contra matching
Scheduled EMIs, collections, failed attempts, bounce charges, late fees, waivers, reversals, refunds, corrections, and adjustments are netted where required.

AI-assisted transaction matching

After structured rules run, AI helps match difficult open transactions where:

References are incomplete
UTRs or payment references are missing
Loan IDs are formatted differently across systems
Borrower names are written differently
One borrower payment covers multiple EMIs
One EMI is paid through multiple partial collections
Bank narration is messy
NACH or mandate references are inconsistent
Waivers or adjustments do not directly link to scheduled EMIs
Reversals are not clearly linked to original collections
Principal and interest allocation requires contextual review
Multiple possible matches exist

AI exception analysis

For transactions that remain open, AI can help identify possible reasons such as:

EMI due but not collectedCollection received but EMI not updatedPartial paymentShort paymentExcess paymentSplit paymentGrouped collectionFailed paymentNACH bounceDuplicate collectionPenalty mismatchWaiver mismatchReversal mismatchWrong borrower allocationPosting period differenceInternal system issueUnclear reference

AI assists matching and exception review, but Cointab keeps reconciliation transparent, reviewable, and audit-friendly.

Audit-ready EMI schedule and collections reconciliation reports

Cointab gives your team a clear report showing which scheduled EMIs and collection records matched, partially matched, remained unpaid, became overdue, or were skipped.

Report categories

Fully matched
Scheduled EMI and collection records where identifiers, statuses, and amounts match.
Partially matched
Records where identifiers match but scheduled amount, collected amount, principal, interest, penalty, waiver, or outstanding amount differs.
Uncollected scheduled EMIs
Scheduled EMI records that do not clearly match collection records.
Collections without scheduled EMI
Collection records that do not clearly match scheduled EMI records.
Overdue EMIs
Scheduled EMIs that remain unpaid or partially paid after the due date.
Partial payment differences
Records where part payment, short payment, excess payment, or split payment requires review.
Principal and interest split differences
Records where principal, interest, penalty, charge, or waiver allocation requires review.
Failed and bounced payment differences
Records where failed, bounced, rejected, pending, retried, or reversed payment statuses require review.
Waiver and adjustment differences
Records where penalty waivers, EMI waivers, settlement adjustments, write-offs, or manual corrections require review.
Reversal and refund differences
Records where repayment reversals, duplicate collection refunds, correction entries, or accounting adjustments require review.
Skipped
Records excluded due to missing, invalid, duplicate, incomplete, or unusable data.

Report capabilities

Summary cards
Borrower-level view
Loan-level filters
EMI-level filters
Due date filters
Collection status filters
Overdue filters
Difference amounts
Principal-interest split view
Matched transaction drill-down
Manual match
Undo manual match
Excel export
Audit-friendly output

Automate recurring EMI schedule and collections reconciliation

Once this workflow is stable, Cointab can automate file input, reconciliation runs, and output delivery.

Bring data into Cointab

Data can be received or pulled through:

EmailSFTPAPI integrations, where available

Run automatically

Schedule reconciliation:

DailyWeeklyMonthlyDue cycle-wiseCollection cycle-wiseAt month-end closeAfter EMI schedule exportAfter collection report exportAfter bank statement receiptAfter payment partner file receiptAfter NACH batch file receiptAfter all required files are availableAt a custom frequency

Push output back

Send reconciliation output to:

Loan management systemERPAccounting systemCollection operations dashboardLending operations dashboardRisk or compliance dashboardBI dashboardInternal finance systemAnalytics databaseData warehouseInternal exception trackerBorrower follow-up workflowCollection team workflowBank follow-up workflowPayment partner follow-up workflowAudit or compliance system

Matched EMI records
Matched collection records
Uncollected EMI records
Collections without schedule records
Overdue EMI records
Partial payment records
Short payment records
Excess payment records
Split payment records
Grouped collection records
Principal-interest split differences
Penalty differences
Waiver differences
Reversal differences
Duplicate collection records
Wrong borrower allocation records
Timing differences
Open items
Suggested actions
Excel reconciliation report
Structured API output

View an EMI schedule and collections demo report

See how Cointab presents EMI Schedule vs Collections output with matched, partially matched, overdue, unmatched, and skipped records.

EMI Schedule vs Collections Demo

Explore a sample report showing scheduled EMIs, borrower collections, due dates, collection dates, paid amounts, partial payments, overdue EMIs, penalties, waivers, reversals, duplicate collections, timing differences, and open items.

View demo report

Explore related lending, repayment, and collection reconciliations

Cointab supports other lending, EMI, repayment, disbursement, collection, payment gateway, bank, books, ERP, and finance reconciliation workflows.

Loan Repayment vs Bank

Reconcile borrower repayment records with bank statement credits across EMI payments, partial payments, failed payments, reversals, and open items.

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Loan Repayment vs Payment Gateway

Reconcile borrower repayments with payment gateway reports across successful payments, failed payments, refunds, fees, and settlement differences.

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Loan Disbursement vs Bank

Reconcile approved loan disbursement records with bank statement debits across borrower payouts, failed disbursements, reversals, and open items.

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Bank Statement vs Books

Compare bank statement entries with accounting or books records.

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Customer Payment Reconciliation

Reconcile customer payments across invoices, receipts, bank credits, deductions, and credit notes.

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ERP / Books Reconciliation

Reconcile ERP and books records across ledgers, vouchers, journals, payments, receipts, and open items.

View template

Built for teams reconciling EMI schedules with borrower collections

This template is useful for teams that regularly reconcile EMI schedules, borrower collections, due amounts, paid amounts, overdue EMIs, penalties, waivers, reversals, and open items.

NBFCs

For NBFCs reconciling EMI schedules with borrower collections, collection reports, bank credits, and LMS repayment status.

Digital lending platforms

For lending platforms reconciling EMI dues, borrower payments, payment gateway files, NACH files, bank credits, reversals, and repayment statuses.

Fintech lenders

For fintech companies managing high-volume EMI collections across loan systems, payment partners, bank accounts, and accounting records.

Banks

For banking teams reconciling EMI schedules, borrower repayments, bank credits, loan systems, and accounting postings.

Microfinance companies

For microfinance teams reconciling installment schedules, borrower repayments, branch-level collections, loan accounts, and overdue amounts.

Collection teams

For teams reviewing paid EMIs, unpaid EMIs, overdue borrowers, failed collections, partial payments, NACH bounces, and borrower follow-ups.

Finance teams

For teams preparing recurring EMI reconciliation reports for daily review, month-end close, reporting, and audit.

Risk and compliance teams

For teams reviewing overdue amounts, suspicious collections, duplicate payments, waiver approvals, charge reversals, and audit trails.

Accounting teams

For teams reconciling receivables, interest income, principal recovery, penalty income, charge reversals, and accounting postings.

Controllers

For controllers who need visibility into unpaid EMIs, duplicate collections, failed payment updates, waiver differences, and posting issues.

CFOs

For finance leaders who want stronger control over lending collections, borrower receivables, repayment accuracy, accounting accuracy, and audit readiness.

Accounting firms

For CA, CPA, or outsourced accounting teams handling lending, NBFC, fintech, EMI, and collection reconciliation for multiple clients.

Trusted by teams handling EMI schedule and collection reconciliation

Cointab is used by finance and operations teams that reconcile high-volume, multi-source transaction data across EMI schedules, borrower collections, banks, payment partners, loan management systems, books, ERP systems, borrower records, partner reports, and internal systems.

“We have worked on many softwares but we love the ease of using cointab. The staff and support is very instant. They are approachable, proficient and patient. Team is very cooperative with the customisations. The experience of using cointab was nice.”
— Urbanic

EMI Schedule vs Collections FAQs

Start EMI Schedule vs Collections Reconciliation

Use Cointab's ready-made EMI schedule and collections reconciliation workflow to match scheduled dues, borrower payments, partial collections, overdue EMIs, penalties, waivers, reversals, review exceptions, and export audit-ready reports.

Start this reconciliation Schedule guided setup

View demo report

Ready-made workflow · Reusable every period · Manual upload and automation supported

EMI Schedule vs Collections Reconciliation

Upload the required EMI schedule and collection reports, select the period, run reconciliation, and review fully matched, partially matched, unmatched, overdue, and skipped records.

View demo report

Ready-made workflow · Reusable every period · Manual upload or automated data flow

Data source

Example records

EMI Schedule Report

Used as the schedule-side report containing loan IDs, borrower IDs, EMI IDs, installment numbers, due dates, scheduled EMI amounts, principal, interest, charges, penalty rules, outstanding amounts, and repayment status.

Collection Report

Used as the collection-side report containing borrower payments, collection IDs, payment dates, collection amounts, payment modes, receipt numbers, UTRs, payment references, collected principal, collected interest, penalties, and collection status.

Loan Management System Export

Optional, but useful where EMI schedule, loan status, repayment status, overdue amount, borrower details, repayment method, and accounting status are maintained in an LMS.

Borrower Master File

Optional, but useful where borrower IDs, customer IDs, loan account numbers, borrower names, branch details, product details, repayment method, and loan status need to be mapped.

Bank Statement

Optional, but useful where collections received in the bank need to be compared with EMI collection records.

Payment Gateway / Collection Partner Report

Optional, but useful where EMI collections are received through payment gateways, PSPs, UPI, cards, net banking, wallets, payment links, or collection partners.

NACH / Auto-debit / Mandate Report

Optional, but useful where scheduled EMIs are collected through NACH, ACH, ECS, standing instructions, direct debit, autopay, or mandate-based collections.

Failed Payment / Bounce Report

Optional, but useful where scheduled collection attempts failed because of insufficient funds, mandate failure, bank rejection, expired mandate, technical failure, or borrower account issue.

Penalty / Charges Report

Optional, but useful where late payment fees, bounce charges, penalty interest, collection charges, taxes, or service charges need to be compared with EMI and collection data.

Waiver / Adjustment Report

Optional, but useful where EMI waivers, penalty waivers, principal adjustments, interest adjustments, settlement adjustments, write-offs, or manual corrections need to be reconciled.

Reversal / Refund Report

Optional, but useful where duplicate collections, failed collections, borrower refunds, payment reversals, charge reversals, or accounting corrections need to be reconciled.

ERP / Accounting Export

Optional, but useful if EMI collections, borrower receivables, interest income, principal recovery, penalties, charges, reversals, or accounting postings are maintained in SAP, Oracle, NetSuite, Microsoft Dynamics, Tally, Zoho Books, QuickBooks, or another accounting system.

Supporting Data

Optional supporting files can be used for loan mapping, borrower mapping, EMI mapping, payment reference mapping, UTR mapping, bank account mapping, branch mapping, product mapping, GL mapping, entity mapping, or other enrichment.

Start EMI Schedule vs Collections Reconciliation

View demo report

Ready-made workflow · Reusable every period · Manual upload and automation supported