Lease Repayments

 

PERIODICAL LEASE REPAYMENTS

 
 
TO RECORD EACH PERIODICAL PAYMENT TO THE FINANCE COMPANY
 
 
BANK > PAYMENTS
 
 
Payments from                 
 
Select the bank account from the drop down list from which the payment was made (bottom right hand corner of entry screen). It is important that you ensure you are working from the correct bank account at the start.
 
 
Reference
 
In this case it is the Direct Debit reference, e.g. DD
 
 
Date                                                                        
 
Date of Direct Debit
 
 
Supplier/Payee
 
Select a Payee from the existing list (F2) or type the first letter of the Payee name, use arrow down key to scroll through the existing Payee names.
 
To setup a new Payee simply type the new Payee name. The program will recognise the new name does not already exist and prompt you to specify if it is a new “Supplier” or “Other”, select “Other” to add the new name to the Payee list.
 
It would be advisable to set up the Payee in the name of the Finance provider with the Finance Lease Agreement number.  This Payee will then be selected for all future lease repayments.
 
 
Nominal Account              
 
Choose the appropriate Lease Account;
 
                       Leasing Finance – Cars
                        Leasing Finance – Vans
                        Leasing Finance – Trucks
                        Leasing Finance – Equipment
                        Leasing Finance – Other
 
 
Amount                                                                  
 
Enter the total amount of the periodical repayment.
 
 
VAT                         
 
While in the amount box choose the appropriate VAT rate using the arrow up & down keys on the keyboard.

Need help? Support is available at 01 8352074 or support@thesaurus.ie.

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