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;
A) The amount financed excluding brokerage (this is what we do now)
B) 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. |
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