Preference for Default Residual % Calculation Method


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The Finance Shop Release Notes

     

        

Helpstar 115716

There is a new preference that allows the user to configure how the percentage is calculated for residual payments.

The choice is to base the % calculation on either;

  1. The amount financed excluding brokerage (this is what we do now)
  2. The amount finance excluding brokerage, AND, excluding financed fees. (new)

1) Select Security \ Preference.

2) Click on TFS Main Program \ Settings \ Finance Applications \ Calculations.

3) Click on Default Residual % Calculation Method.

4) Click on Modify.

5) Select the required setting and click Ok.