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Calculation creation in detail

This chapter describes the process of calculation creation in detail via wizard for creation new Financial Leasing.  We prepared video to show you how to create new financing.


Calculation creation

To create new Financial Leasing you can use 2 possibilities :

  • Main Action menu

    • menu New/Create New Financing

  • Customer menu

    • from Customers Card

      • menu Home/Create New Financial Leasing

Calculation creation wizard

The system opens wizard with 4 steps:

  1. Step

  • Legal Form

    • Defines customers legal form (entrepreneur, non-entrepreneur, Legal Entity)

  • Customer

    • The list of customers filtered based on the selected value in the Legal Form field

    • We are able to select:

      • Legal Entity

        • Only customers who have set Legal Form = Legal Entity and the Contact Related Type = Company will be displayed

      • Individual Non-Entrepreneur

        • Only customers who have set Legal Form = Individual Non-Entrepreneur and the Contact Related Type = Company will be displayed

      • Individual Entrepreneur

        • Only customers who have set Legal Form = Individual Entrepreneur and the Contact Related Type = Company will be displayed.

    • It is not necessary to select Customer from the list in this step

  • Customer Name

    • Filled automatically based on selected Customer

    • If Customer is empty, then we add only Customer Name to continue

  • Sales Person

Object identification

  • FA No.

    • Selection of Fixed Asset to be financed

    • Editable only if Object Source = Fixed Asset (OneCore Setup)

    • Not necessary to select during calculation creation

  • Item No.

    • Selection of Item to be financed

    • Editable only if Object Source = Item (OneCore Setup)

    • Not necessary to select during calculation creation

  • Object Description

    • The name of the Item or Fixed Asset selected in previous field taken from Item Card or Fixed Asset Card

    • Name is mandatory even Item No./ FA No. is not filled


  1. Step

  • Financing Product Code

    • FL type with predefined default financing parameters (e.g. Series No., Calendar Month ON/OFF, default Financing period, default Rates, default Fees) or invoicing parameters (Posting Groups, Payment Terms).

    • For more information please see How To Create Financing Product.

  • Part Payment Period

    • Month, Quarter, Half Year, Year

  • Financing period (in Months)

    • If defined on Product level, then filled automatically

  • Purchase Price

    • If filled on Fixed Asset/Item level, then filled automatically

  • Down Payment %

    • Fill manually the percentage of Down Payment

    • Down Payment amount is then calculated automatically

  • Down Payment

    • Fill manually the amount of Down Payment

    • Down Payment percentage is then calculated automatically

  • Financed Amount

    • Calculated value

  • Residual Value

    • If filled on Fixed Asset level, then filled automatically otherwise insert Residual Value amount manually

  • Payment Amount Excl. Tax

    • Calculated field


  1. Step

  • Initial Fee

    • Fee for Issuing the Financial Leasing

    • Separate invoice is automatically issued after the FL is activated

  • Service per Financing Period

    • If filled on Fixed Asset/Item level, then filled automatically

  • Fee for Service, part of installment

  • Insurance per Financing Period

    • Fee for Insurance, part of installment

    • If filled on Fixed Asset/Item level, then filled automatically

  • Financing Rate - Cost

    • Rate comes automatically from product matrix

    • Not editable

  • Financing Rate - Margin

    • Rate comes automatically from product matrix

    • Editable

  • Financing Rate - Total

    • Calculated field

    • Not editable

  • Payment Amount Excl. Tax

    • Calculated field


  1. Step

Summary:

  • Expected Termination Date

  • Initial Fee

  • Anuit

  • Insurance

  • Service

  • Payment Amount Excl. Tax

  • Total Amount


After completing wizard is selected object set as Reserved.




Follow up:

How to create calculation in general

Set Up Calculation

How to create new customer

How to create financing product

How to work with approval process