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Preference for Default Residual % Calculation Method
Preference for Default Residual % Calculation Method
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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;
- The amount financed excluding brokerage (this is what we do now)
- 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.