After markets on deals

Understanding after markets on deals


Understanding after markets on deals

Enable the use of After Markets on Deals by setting them up in <System Settings>, <Unit>, <After Market Unit
Options>



The GL Pointers in the Sales, Asset, and CGS GL account will default to the pointers in the Unit Type GL assignments for any pointers in the After Market Unit Options screen that are blank: 



When an after market is place on a deal, it posts the liability amount to the other current liability account you chose in either Unit Types – After Market Asset GL Account, or in After Markets Unit Options – Asset GL Account (the latter taking precedence). 

Note: The deal does not automatically create the vendor invoice, as it does with warranty/insurances.

You then have two choices to pay for it: 

1. Create a Vendor Invoice with a misc. item on it pointed to the same Other Current Liability account you have chosen in either Unit Types – After Market Asset GL Account, or in After Markets Unit Options – Asset GL Account (the latter taking precedence) after the deal has been posted. Pay through the AP transaction screen, as always.

2. Simply pay for the After Markets via banking transactions, via check, with the offset GL account being either the Unit Types – After Market Asset GL Account, or the After Markets Unit Options – Asset GL 
   Account (the latter taking precedence).