Daily collection
Daily collection app for lines that move every single day
In a daily line, a small miss today becomes a big gap by the end of the month. Vasool Raja shows the day’s position borrower by borrower, so you and your agents know exactly who has paid and who still needs a visit.
Why daily lines need a different kind of tracking
A daily finance line has many small payments and very little room for error. One forgotten entry or a half payment written as full can throw off a borrower’s balance for weeks. Paper registers also make it hard to answer simple questions quickly: how many borrowers missed today, and how many missed yesterday too?
Vasool Raja keeps each daily instalment against the right loan, so the balance and the missed count update as you record, not when someone finds time to recount the book.
Today’s collections view
Each morning the line opens with three clear groups: unpaid, missed and paid. Agents can search quickly, use card or compact list views, and record cash or UPI right where they are. Owners see the target for the day against the amount collected so far.
- Unpaid, missed and paid tabs for the day
- Cash and UPI recording per instalment
- Payment correction with a visible trail
Holidays, business days and grace
Daily lines rarely run every calendar day. You can set business days and add single-date or date-range line holidays, with an approve, reject and recalculate flow, so schedules shift correctly instead of being adjusted by hand.
Penalties are optional and configurable: fixed or percentage, with grace sessions, rules for missed or partial payments, maximums, and a choice of whether payments settle penalties or instalments first. Waivers are reviewed and recorded.
Closing the day properly
Daily businesses handle a lot of cash. The closing tally combines cash notes and the bank/UPI balance into one total and compares it with the expected figure. You can work in today-only mode or with a running carry-forward, record explained adjustments, and require approval before a day is closed or the next day starts.
Seeing the line over weeks, not just today
Daily performance reports, portfolio health and overdue drilldowns show which borrowers are drifting from running to late before it becomes a bad loan. Vasool Raja only keeps these records; it does not provide loans or financial services, so decisions on renewals and recovery stay with you.
Common questions
What happens to the schedule on a line holiday?
Line holidays go through an approve, reject and recalculate flow, so the schedule is adjusted by the app rather than edited loan by loan.
Can an agent record a partial payment?
Yes. Partial payments are recorded against the loan, and your penalty settings decide how missed or partial payments are treated.
Can I see who has missed more than one day?
Yes. Missed accounts are shown in the day view, and overdue drilldowns and portfolio health reports show how late each loan has become.
Can I count notes in the closing tally?
Yes. You can count notes, enter the bank or UPI balance, and compare the combined total with the expected figure before closing the day.
See it with your own lines
Start with a 60-day free trial.
No card required. Vasool Raja is record-management software and does not provide loans or financial services.