Page Comparison

1. Right-click on a ticked () intersection. The Finance Method dialog will be displayed.

1. Edit the finance method details.
2. Click the OK button.

The following is a list of issues with creating new finance methods: 

• The Name and Short Name fields default to the Finance Type. They can be modified.
• The Calculation Method is a standard or custom calculation method. Click the popup button to view the calculation methods available.
  • Standard Calculation Methods have the word 'Standard' in front of them (i.e., Standard Lease, Standard Asset Purchase).
  • Custom Calculation Methods do not have the word 'Standard' in front of them (i.e., Asset Purchase No GST On Stamp, Asset Purchase Assignment No GST On Stamp).
• The ITC Level can be modified if different to the default level for the financier.
• The GST On AP T/Charges can be financed or unfinanced.
• The Unfinanced GST Inc can be term charges only or term charges and financed goods GST.
• The Arrears/Residual can have the residual amount occurring after the final payment or that the residual amount is the final payment.
• The Terms Charges can be changed from Based on Net Payment to Based on Gross Payment, if required.
• The data entered into the Wholesale/Base field under the Rate group will be the Wholesale/Base rate that appears in the TFS Calculator.
• The Stamp Duty group is the most complex.
  • If the Finance Type is NOT Chattel Mortgage or a Property Type, then entering a percentage for the Stamp Duty (the Stamp field) will add a stamp duty charge to each repayment.