Contents - Index


Location Settings: New Deal

Main Menu - Location - Settings

This is used to maintain the new deal default settings.

Layout / How To

The default Calculation Type is used to define the type of deal calculation used in all new deals. "Standard" is not recommended; please use "Standard with Interest" instead.

The insurance defaults are split between personal and commercial (business) usage. The Minimum columns will be used in conjunction with the Insurance Fax.

The Default Print Statement controls the setting of the Print Statement box on the main menu's general billing page when new deals are add

For Monthly Deals Only ...
This section allows you to set the default dates for monthly deals.

When is the first payment due? 
  • Due on Delivery. For a lease, this will set the first payment due date to that of the contract date. For a loan, this will set the first payment due one month out.
  • Due on specific day in the following month, unless that day matches the contract day. Say you want all of your payments due on the 1st. You would mark this option and enter a "1" in the Specific Day field. In turn, if your contract date is May 15th, then the first payment due day would be June 1st. If your contract date if May 1st, then your first payment due date would also be May 1st.

    When is the second payment due? 
  • One month after the First Payment Due Day. Whatever was calculated for the first payment due date, plus one month (on the same day).
  • Due on specific day two months out, unless First Payment Due in on that day. Say you want all of your remaining payments due on the 15th. You would select this option and enter a "15" into the Specific Day field. If your first payment is due on April 28th, then the second payment would be due on June 15th. If your first payment is due on April 15th, then your second payment would be due on May 15th.

    When does the deal end?
  • Traditional. For a lease, this is the lease date plus the term, minus one day. For a loan, this is the due day of the last payment.
  • Last day of month for last payment due. If your last payment is due on August 3rd, the the deal would end on August 31st.