AP Calculator
- Mitch Robinson (Deactivated)
- Matthew Garrett
- The calculator screen uses cost of goods, term, residual and repayment details to provide an indicative quote for an asset purchase.
- The top-left of the screen displays the details of the currently logged in agent. The top-right of the screen displays details of the applicant and a description of the goods to be purchased.
By default, the Options group is hidden. To expand the group, click Options.
Opening the Calculator Screen
- From the top of the screen, click Calculator.
Options Group
- This group allows users to manually set the brokerage amount (using a percentage or dollar value), to display the effective interest rate in the calculation, and to select global or client rates.
- The Options group is hidden by default.
- To expand the Options group, click Options
| Field | Description |
|---|---|
| Custom Category | Note: This option is only displayed if the user has been granted permission to enter customised rate categories. Categories can only be set by the finance broker Allows users to manually enter a custom wholesale interest rate amount. |
| Global Category | Note: This option is only displayed if global categories have been implemented. Categories can only be set by the finance broker. Displays the selection of global interest rate categories, if applicable. Click the required global category to select. |
| Client Category | Note: This option is only displayed if client categories have been implemented. Categories can only be set by the finance broker. Displays the selection of client interest rate categories, if applicable. Click the required client category to select. |
| Brokerage (%) | Fee charged by an agent, or agent's company to facilitate transactions between buyers and sellers, expressed as a percentage of the total amount. The brokerage fee is charged for services such as negotiations, sales, purchases, delivery or advice on the transaction. |
| Brokerage ($) | Fee charged by an agent, or agent's company, to facilitate transactions between buyers and sellers, expressed as a dollar amount. The brokerage fee is charged for services such as negotiations, sales, purchases, delivery or advice on the transaction. |
| Effective Rate Display? | Toggle the visibility of the effective rate to the client. |
| Finance Method | Toggle the finance method. Example: Asset purchase or chattel mortgage. |
| Finance GST on Term Charges? | Note: This option is only displayed if Finance Method is set to Asset Purchase Toggle the finance method for the GST value on term charges:
|
Cost of Goods Group
| Excluding GST | Net cost of the goods to be supplied. Note: If the goods details have been entered, this will be the sum of all goods details. |
| Including GST | Total cost of the goods to be supplied. Note: If the goods details have been entered, this will be the sum of all goods details. |
| Solve | To solve the quote calculation for the Cost of Goods group, enter all details in the Term, Residual and Repayments groups and click the Solve button. The quote amount will be displayed on the Solved panel on the right hand side of the screen. |
Term Group
| Field | Description |
|---|---|
| Term (Months) | Length (in months) of the finance application. Click the Term (Months) drop-down list to select. |
Residual Group
| Field | Database |
|---|---|
| Residual % | Residual value of the finance application. Click the Residual Value % drop-down list to select. |
| Solve | To Solve the quote calculation for the Residual group, enter all details in the Cost of Goods, Term and Repayments groups and click the Solve button. The quote amount will be displayed on the Solved panel on the right-hand side of the screen. |
Repayments Group
| Field | Description |
|---|---|
| Monthly | Monthly repayment amount |
| Weekly | Weekly repayment amount. The number of working weeks per year can be manually entered, if required. |
| Daily | Daily repayment amount. The number of working days per week can be manually entered, if required. |
| Hourly | Hourly repayment amount. The number of working hours per day can be manually entered, if required. |
| Solve | To solve the quote calculation for the Repayments group, enter all details in the Cost of Goods, Term and Residual groups and click the Solve button. The quote amount will be displayed on the Solved panel on the right-hand side of the screen. |
Buttons
| Button | Description |
|---|---|
| Click to save the application. |
| Click to submit the quote to the finance broker. Note: If performing a quick quote, this option will not be available. |
| Click to solve the calculations. The Solved panel on the right hand side of the screen will be updated. |
| Click to print the quote. Opens the quote in a new window. |
