How do I pay finance settlement on a unit purchase?
From Catalyst
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
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'.
