Difference between revisions of "How do I pay finance settlement on a unit purchase?"
From Catalyst
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== See Also == | == See Also == | ||
*[[Selling a Vehicle]] | *[[Selling a Vehicle]] | ||
| + | *[[Creating a New Vehicle]] | ||
| + | *[[How to I Purchase a vehicle from a Customer?]] | ||
{{FAQ}}{{KB_Tags|Finance, Settlement, Purchase, Stand, alone, Vehicle, Control, Bike, Bikes, Car, Cars, Van, Vans, Motorhome, Motorhomes, Motor, Home, Homes, Caravan, Caravans, Motorcycle, Motorcycles}}{{KB_VS}}{{ZN_Admin}} | {{FAQ}}{{KB_Tags|Finance, Settlement, Purchase, Stand, alone, Vehicle, Control, Bike, Bikes, Car, Cars, Van, Vans, Motorhome, Motorhomes, Motor, Home, Homes, Caravan, Caravans, Motorcycle, Motorcycles}}{{KB_VS}}{{ZN_Admin}} | ||
Revision as of 15:19, 12 August 2011
Summary
The following article explains how to post a cheque for the settlement of finance on a stand alone vehicle purchase. This is done by Journalling the amount from the your bank account to the finance settlement control account.
More Information
When purchasing a vehicle, either by the part exchange route, or a direct purchase, if the vehicle you are purchasing in has outstanding finance, the system posts that balance to Finance Settlement Control account that will need paying off.
Go to "Nominal Ledger"->"Journal Entries"->"Cashbook Entries".
- Enter the main centre code, e.g. the code for the Bank Account (e.g. 'Z992'.)
- Enter ('O')ut of the Bank Account.
- Enter the date of the transaction, either from the cheque stub or from the bank statement.
- Enter the Nominal code for "Finance Settlement Control" (e.g. '19850')
 | WARNING: This will NEVER be the same code as at the top of the screen ! If it is, you will get a circular posting that does nothing. |
- Enter the value of the transaction.
- Enter a comment of the stock number of the vehicle, e.g. 'VEH 1234'.
See Also
