Floor Plan Invoice adjustments

How to adjust floor plan invoices


Floor Plan Invoice adjustments

1. Business Office > Accounting > AP Transactions > New Payment Icon
2. Click on the Add item icon
3. Select the Floor plan Vendor from dropdown box and click on refresh
4. Find the note/invoice that the adjustment applies to, check the check box and click OK
5. Click the adjustment check box and select the GL account that this adjustment applies to – e.g. if it’s an interest charge, select the interest GL account.
6. Enter a ref (e.g. Interest on floor plan)
7. Enter the amount in the amount paid column (enter a negative amount if the note is being increased and a positive amount if the note is being decreased) and click on the post payment icon.

Note: Since we are posting the adjustment in the Accounts payable payment module, DealerVu assumes that the payment or reduction to the floor plan is a positive amount. Therefore if we need to increase the floor plan, we need to post a negative amount.


 

What can go wrong & what can you do about it?

We can post the adjustment to an incorrect account or post a reduction or increase incorrectly – i.e. an increase must be posted as a negative and a decrease as a positive as we are in the payments module, DealerVu assumes the amount entered is a payment.

Contact Support for more information:
North America - 855.322.1217 
Australia/Asia Pacific - 61.2.9037.2450 extension 2 
Fax Line - 866.896.1045 (notify support@dealervu.com when faxing documents)