Versions Compared

Version Old Version 2 New Version Current
Changes made by

Matthew Garrett

Matthew Garrett

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.


Column

Insert excerpt
TFS User Guide Table
TFS User Guide Table
nopaneltrue


Column


Excerpt

The Loan Book screen is used to manage all contracts in the loan book.

The Loan Book list displays each contract in the loan book and details any upcoming payments. Filters can be applied to modify the number of contracts shown in the Loan Book list. Filters can be applied to modify the number of contracts shown in the Loan Book list.


Info

The loan book functionality allows a broker to become the financier of loan contracts and to manage a client's contract repayments.

Example: Let's say Acme Finance has borrowed or has available five million dollars to loan to clients at a rate determined by the enterprise. Acme Finance, or an established or new entity, can be set up as a financier to offer finance to clients.

The Loan Book is an additional module to TFS that needs to be purchased. If you are interested in obtaining further information on this, then please contact support@insulagroup.com.au


Expand
titleOpening the Loan Book Screen - Click here to expand...
  • From the Tools menu, select Loan Book.
  • From the sidebar, select Tools then Loan Book.

...


Image Added


Expand
titleFilters Group - Click here to expand...

Filters can be applied to modify the number of contracts shown in the Loan Book list.

  • Financier: Filter by financier.
  • Contract Stage: Filter by contract stage, such as Awaiting Settlement, Complete, or In Progress.
  • Contract Status: Filter by contract status, such as Awaiting Residual, Awaiting Settlement, Behind, Cancelled, Complete, or Up To Date.
  • Client #: Filter based on all or part of the client number.
  • Application #: Filter based on all or part of the application number.
  • Contract #: Filter based on all or part of the contract number.
  • Payments Due From: Filter based on repayment dates on or after the entered date. This can be combined with the Payments Due To field to select a date range.
  • Payments Due To: Filter based on repayment dates before or on the entered date. This can be combined with the Payments Due From field to select a date range.
  • Payment Status: Filter based on payment status, such as All, Behind/Late, Due, or Not Due.


Expand
titleTotals Group - Click here to expand...
  • Due: The total of the Amt. Due column for all displayed contracts.
  • Balance: The total of the Balance column for all displayed contracts.
  • Financed: The total of the Amt. Financed column for all displayed contracts.


Expand
titleButtons - Click here to expand...
  • Refresh: Refreshes the Loan Book list.
  • Clear Filters: Resets all filters to their default values.
  • Process Overdue: Updates the payment and contract status of all contracts. This process should be run once per day.
  • Select: Marks the client for the currently highlighted contract as the client displayed in the context bar.
  • Paid On Time: Marks the currently highlighted contract as paid on time. Once a contract is paid on time, the system updates the contract, refreshes the Loan Book list, and highlights the next payment in the list. Clicking Paid On Time will remove any penalties associated with a payment. If penalties are applied to a payment, use the Payment dialog from the Payments screen to process any payments.
  • Edit: Displays the Payment dialog in edit mode for the currently selected contract. If the currently selected contract has not yet settled, the Payment dialog will not be displayed.


Expand
titleLoan Book Group - Click here to expand...

The following columns are displayed in the Loan Book list:

  • Due: Due date for the next payment. This will be empty if the contract has not yet settled or has been completed.
  • Name: Client name.
  • Goods: Description of the goods.
  • Stage: Contract stage.
  • Status: Contract status.
  • Amt. Financed: The total amount financed for the contract, excluding brokerage.
  • Amt. Due: Amount due for the next payment.
  • Balance: Current amount owed by a client to bring their contract up-to-date. This balance includes all overdue payments and any unwaived penalties.
  • Start: Date the contract started.
  • Finish: Date the contract will be completed.
  • Payments: Total number of payments in the contract (including residual).
  • Made: Number of payments made in the contract.
  • Left: Number of payments remaining in the contract.


Note

IMPORTANT CONCEPTS

  • When deleting an application the linked loan contract records are also removed.