Content Comparison

...

1. Click the New button. The Financier dialog will be displayed.
   Image Added
   
   
2. Select or create a new entity by clicking the Entity popup button ()button Image Added . The Create/Select Entity prompt appears.

3. Click the Yes button to create a new financier entity. The Entity dialog will be displayed.

   ORClick

   OR Click the No button to select an entity already established in the system. The Search Entity dialog will be displayed.ORClick the Cancel button to cancel the process.

   
   

   Image Added	If you are creating a new Entity then the Entity dialog will be displayed. Enter the details of the financier as required. IMPORTANT You do not add contacts in this screen. You do this in the Entity \ Entity screen.

4. When you have created or selected the required entity The Name field will be automatically entered.
   
   Image Added
   
   
5. Click the Short Name Copy button () if the short name is to be the same as the name. OR Enter a short name.
6. Enter the Percentage of GST the financier can claim back from the government.

   Anchor
   _GoBack _GoBack

   ITC Level.
7. Select the GST on asset purchase term charges.
8. Select the Unfinanced GST Inc. This determines whether GST is unfinanced in the total amount financed. Options include:
   • Term charges only, or
   • Term charges and Financed Goods GST.
9. Select the Arrears/Residual. This determines how repayment calculations are handled when the payments are in arrears with a residual. Options include: 
   • Residual is after the final payment, or
   • Residual is the final payment.
10. The Is Loan Book Financier? field is used to determine if an entity can also provide finance to a client. Typically this is a business entity, such as Acme Finance, who can perform as a broker and as a financier.
11. Click the tick boxes to select the finance methods available for the financier.
12. Click the OK button.

...

• Simple Finance Methods: Basic finance type that does not involve complex stamp duty calculations. See Editing the Simple Finance Method below.
• Complex Finance Methods: Finance types that involve stamp duty calculations that can be different based on the cost of goods. See Editing the Complex Finance Method below.