Floor Plan Interest and Insurance charges

Floor Plan Interest and Insurance charges


Floor Plan Interest and Insurance charges

1. 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 interest or insurance applies to, check the check box and click OK
5. Click the adjustment check box and select the interest or insurance GL expense account from the drop down list.
6. Enter a ref (e.g. Interest on floor plan)
7. Enter the interest or insurance amount in the amount paid column as a negative and click on the post payment icon.

Note: Since we are posting the interest or insurance 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 the amount as a positive instead of negative

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)