Difference between revisions of "How do I deal with finance settlement on a unit?"
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* On the {{DataPrompt|Comment :}} type ''"HP" ''' and also the vehicle stock number for the part exchange. | * On the {{DataPrompt|Comment :}} type ''"HP" ''' and also the vehicle stock number for the part exchange. | ||
* Enter {{DataValue|19850}} or your centre for {{DataValue|Finance Settlement Control}}. | * Enter {{DataValue|19850}} or your centre for {{DataValue|Finance Settlement Control}}. | ||
| + | * Press {{KeyPress|Esc}} and click {{Button|Accept}} to completed the payment. | ||
| + | {{Note|text=This will now take you back to the account in the "Receipts" Program. Pressing {{KeyPress|Enter}} here will '''no longer''' show the invoice in question.}} | ||
=== Different Company Higher Purchase Settlement === | === Different Company Higher Purchase Settlement === | ||
Revision as of 17:13, 10 December 2010
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This article or section is under review. Be aware: Content may change as the document is reviewed. |
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This article or section is under development. Be aware: Content will change as the document progresses. |
Contents
Summary
This Article will explain how to deal with Finance Settlement on a vehicle, where the finance company is the same company and also when the Finance Company are different.
Additional Information
When a vehicle has been given as a part exchange for a a payment towards a new vehicle and the part exchange has a settlement outstanding on its Higher Purchase, will need to pay the amount of to the relevant Finance Company.
Same Company Higher Purchase Settlement
If the HP Settlement on the vehicle is with the same company that the new finance is taken out, once the vehicle invoice has been completed, then what you will need to do is go to:- " SL Receipts".
Posting the Payment for the Vehicle Sold
- At "Customer:" type in the customer's account code if known, or search for a customer.
- You can search for a particular document by entering the number or press <Enter> to display all documents.
- Press the <down arrow key (↓)> until <=█ is pointing at the invoice you are receiving payment for.
- Press <P> to make a partial payment.
- Enter in the 'Amount' that has been paid.
- Press <Esc>.
- Enter the 'date' the payment was received, and press <Enter>.
- On the "Comment :" type in the cheque number and also the vehicle stock number that the payment is for. Not the Part exchange number.
- Enter 'z901' to show that the payment was via cheque.
- Press <Esc> and click [Accept] to completed the payment.
 | You will notice now that the 'Balance Held' on the invoice has now dropped by the amount you have entered, leaving the amount of HP Settlement that was on the Part Exchange. |
Posting the Payment for HP Settlement on the Part Exchange
Now to Pay of the HP settlement on the part exchange, as we are already in the right part of the program and following on from the instructions above you will be in the correct account and be against the correct invoice so now:
- Press <F> to pay of the full amount of the invoice, which will move the entire balance over to "Payment".
- Press <Esc>.
- Enter the 'date' that the payment needs to be paid, and press <Enter>.
- On the "Comment :" type "HP" ' and also the vehicle stock number for the part exchange.
- Enter '19850' or your centre for 'Finance Settlement Control'.
- Press <Esc> and click [Accept] to completed the payment.
| This will now take you back to the account in the "Receipts" Program. Pressing <Enter> here will no longer show the invoice in question. |
Different Company Higher Purchase Settlement
If the HP Settlement on the vehicle is with a different company that the new finance is taken out with, once the vehicle invoice has been completed, then what you will need to do is go to:- " SL Receipts".
See Also
- [Posting Payments Received]
- How do I Find a Customer?
- How do I Handle Contras?
- How do I Reverse a Payment on the Sales Ledger?
