Difference between revisions of "How do I pay finance settlement on a unit purchase?"
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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. | 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 {{Menu| | + | Go to {{Menu|{{NL}}|Journal Entries|Cashbook Entries}}. |
*Enter the main centre code, e.g. the code for the Bank Account (e.g. {{DataValue|Z992}}.) | *Enter the main centre code, e.g. the code for the Bank Account (e.g. {{DataValue|Z992}}.) | ||
*Enter ({{DataValue|O}})ut of the Bank Account. | *Enter ({{DataValue|O}})ut of the Bank Account. | ||
*Enter the date of the transaction, either from the cheque stub or from the bank statement. | *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. {{DataValue|19850}}) | *Enter the Nominal code for "Finance Settlement Control" (e.g. {{DataValue|19850}}) | ||
− | {{Warning | + | |
+ | {{Warning|text=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 the value of the transaction. | ||
*Enter a comment of the stock number of the vehicle, e.g. {{DataValue|VEH 1234}}. | *Enter a comment of the stock number of the vehicle, e.g. {{DataValue|VEH 1234}}. | ||
== See Also == | == See Also == | ||
− | *[[Selling a Vehicle]] | + | * [[Selling a Vehicle]] |
− | *[[Creating a New Vehicle]] | + | * [[Creating a New Vehicle]] |
− | *[[How to I Purchase a vehicle from a Customer?]] | + | * [[How to I Purchase a vehicle from a Customer?]] |
− | *[[How do I Deal with Finance Settlement on a Vehicle?]] | + | * [[How do I Deal with Finance Settlement on a Vehicle?]] |
− | + | {{KB_Tags|Finance, Settlement, Purchase, Stand, alone, Vehicle, Control, Bike, Bikes, Car, Cars, Van, Vans, Motorhome, Motorhomes, Motor, Home, Homes, Caravan, Caravans, Motorcycle, Motorcycles}} | |
+ | {{FAQ}} {{KB_VS}}{{ZN_Admin}} |
Revision as of 10:34, 24 September 2013
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')
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
- Selling a Vehicle
- Creating a New Vehicle
- How to I Purchase a vehicle from a Customer?
- How do I Deal with Finance Settlement on a Vehicle?