How do I pay finance settlement on a unit purchase?
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Revision as of 16:35, 12 March 2009 by Richard Green (talk | contribs) (New page: {{Review}} == Summary == The following article explains how to post a cheque for the settlement of finace on a stand alone vehicle purchase. This is done by Journalling the amount from th...)
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Summary
The following article explains how to post a cheque for the settlement of finace on a stand alone vehicle purchase. This is done by Journalling the amount from the your bank account to the finance settlement control account.
Details
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