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TFS Admin Guide - Table of Contents

Documentation Disclaimer

The Financiers screen is designed to enter or modify financier details in TFS.

Opening the Financiers Screen - Click here to expand...

The Entity \ Entity menu in the Sidebar.
The Administration \ Entity \ Financiers option in the menu bar

How to Add a Financier - Click here to expand...

To enter a financier, information regarding their finance types and location should be available.

Click the New button. The Financier dialog will be displayed.
Select or create a new entity by clicking the Entity popup button . The Create/Select Entity prompt appears.

Click the Yes button to create a new financier entity. The Entity dialog will be displayed.OR Click the No button to select an entity already established in the system. The Search Entity dialog will be displayed.ORClick the Cancel button to cancel the process.

If you are creating a new Entity then the Entity dialog will be displayed. Enter the details of the financier as required.

IMPORTANT

You do not add contacts in this screen. You do this in the Entity \ Entity screen.

When you have created or selected the required entity The Name field will be automatically entered.
Click the Short Name Copy button () if the short name is to be the same as the name. OR Enter a short name.
Enter the Percentage of GST the financier can claim back from the government ITC Level
Select the GST on asset purchase term charges.
Select the Unfinanced GST Inc. This determines whether GST is unfinanced in the total amount financed. Options include:
- Term charges only, or
- Term charges and Financed Goods GST.
Select the Brokerage % Calcs Method. This field was introduced in TFS 13 to cater for the different way Macquarie handle this. There are two options available. By default it will be set to the standard Amount Financed Excluding Brokerage. For Maclease you can set this to COGs Less Deposit.
Select the Residual % Calcs Meth. This field was introduced in TFS 13 to cater for the different way Macquarie handle this. There are two options available. By default it will be set to the standard Amount Financed Excluding Brokerage. For Maclease you can set this to COGs.
Select the Arrears/Residual. This determines how repayment calculations are handled when the payments are in arrears with a residual. Options include:
- Residual is after the final payment, or
- Residual is the final payment.
The Is Loan Book Financier? field is used to determine if an entity can also provide finance to a client. Typically this is a business entity, such as Acme Finance, who can perform as a broker and as a financier.
Click the tick boxes to select the finance methods available for the financier.
Click the OK button.

There are two types of finance methods:

Simple Finance Methods: Basic finance type that does not involve complex stamp duty calculations. See the article Editing the Simple Finance Method.
Complex Finance Methods: Finance types that involve stamp duty calculations that can be different based on the cost of goods. See the article Creating a Complex Finance Method.

Bulk Update

Clicking on the Update button opens the Bulk Update tool This allows you to make large volume changes to your financiers without having to go to each individual financier to make the changes.

TFS 13 introduced the ability to update the ITC as part of the Bulk Update

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