Step 4 - Application - Goods Details
- Matthew Garrett
The Goods Details tab allows users to enter specific information about the item being financed.
The Goods Details tab is split into five tabs:
- 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.
- Location: Details the location of the asset.
- Services: Information regarding the asset's vendor or supplier.
- Depreciation: Information regarding the asset's depreciation.
- Notes: Written description of the asset.
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.
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.
You can enter the Cost of Goods at the Net or Total.
The Location tab is used to enter the details of where the goods will be located. Click the Copy button 
if the location is the same as the client address details.
The Online Map popup button can be used to open Google Maps.
The Services tab is used to enter the supplier details.
The Depreciation tab is used to enter asset depreciation details such as the method, starting values and the asset's effective life.
Depreciation Group
Field | Description |
|---|---|
Depreciation Method | Method for depreciating an asset. Options include:
|
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. |
The Notes tab is used to enter any notes about the goods.
If notes were entered on the General tab's Application Short Description field, they would be copied to the Notes tab.