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TFS User Guide Table
TFS User Guide Table
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The Goods Details tab allows users to enter specific information about the item being financed.

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The Goods Details tab is split into five tabs:

  1. General: Details the type and cost of the asset including the cost of goods. The description dynamically changes depending on the type of good. The example shown is Motor Vehicle.
  2. Location: Details the location of the asset.
  3. Services: Information regarding the asset's vendor or supplier.
  4. Depreciation: Information regarding the asset's depreciation.
  5. Notes: Written description of the asset.

Info

The Assign from Register option will only display if the TFS Licence includes the Asset Register module. This module allows you to manage the leasing of assets.


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titleThe General Tab - Click here to expand...

The General tab allows you to enter details about the goods such as whether it is new or used, the year, and make and model numbers. The fields contained on this tab depend on the type of good chosen.

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You can enter the Cost of Goods at the Net or Total.


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titleThe Location Tab - Click here to expand...

The Location tab is used to enter the details of where the goods will be located. Click the Copy button Image Modified  if the location is the same as the client address details.

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The Online Map popup button can be used to open Google Maps.


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titleThe Services Tab - Click here to expand...

The Services tab is used to enter the supplier details.

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titleThe Depreciation Tab - Click here to expand...

The Depreciation tab is used to enter asset depreciation details such as the method, starting values and the asset's effective life.

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Depreciation Group

Field

Description

Depreciation Method

Method for depreciating an asset. Options include: 

  • Diminishing Value: 200/Effective Life
  • Prime Cost: 100/Effective Life

Depreciation Rate

Rate of depreciation for the asset. This value is automatically calculated once the Effective Life (Years) and Depreciation Method fields have been entered.

Starting Value

Starting value of the asset. Click the Copy button to transfer the Total value on the General tab of the Goods Detailsdialog.

Note: If the good is a luxury vehicle and there is claimable GST amount, the Starting Value will be the Total Cost minus Claimable GST.

Start Depreciation

Date depreciation begins.

Effective Life (Years)

Expected life of the asset.



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titleThe Notes Tab - Click here to expand...

The Notes tab is used to enter any notes about the goods.

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Note

If notes were entered on the General tab's Application Short Description field, they would be copied to the Notes tab.