Bailment Account Details
Purpose
Allows the display an change of standard information and rules to allow a Bailment Account to operate correctly
Access
- View | Bailment Dealer | Bailment Dealer Details | Accounts tab | Account Search tab |
- View | Bailment Accounts |
Dialog Details
Details Specific Fields
Field | Explanation |
Floor Plan Profile | This field will have bee prepopulated from the asset creation process - Manual or EDI Import It may be changed The change will results in anew Trust Receipt being created |
| ES Rebate Profile | This field will have bee prepopulated from the asset creation process - Manual or EDI Import It may be changed The change will results in anew Trust Receipt being created |
Default Interest Profile | This will be set to a Zero Rate profile when the bailment account is created If Default Interest is to be applied to a bailment account in arrears, the profile specified here will be changed to the default interest profile When the account is saved, the user will be prompted to enter a value date from which the default rate is to apply |
Funder | Allows a funder to be applied to the Bailment Account This is usually completed by using the Fund Bailment Accounts process, but may be manually applied or removed if required |
Warranty Date | Processed by an API, or manually When a warranty date is updated the free floor plan end date will be automatically changed to be three days after the warranty date:
On saving the bailment account, a new trust receipt will be created reflecting the change in the free floor plan end date Interest accrual will be split between distributor and dealer based on the new FFP end date The number of days for the warranty period is defaulted to three days. This maybe changed via a SQL script. Please contact Argos Support if this needs to be changed. |
Free Floor Plan End Date | This is the end date of the distributor liability for interest The date calculation is based on the rules set up on the Floor Plan Profile or overridden by the warranty date |
Due in Full Date | Based on the set of rules set up on the Floor Plan Profile, the date at which the liability for the asset to be paid in full will display here |
Termination Date | Field label is not displayed if the bailment account has not been terminated Once termination takes place, the field label displays along with the date of termination |
Last ESR Date | Based on a set of rules set up on the ES Rebate Profile, the end date for the distributor liability for early settlement rebate will display here |
Do Not Auto Terminate | Check this on to exclude the selected Bailment Account from the Auto Termination Process |
Balance Fields
| Field | Explanation |
| Financed Assets | Value of the asset under bailment exclusive of GST |
| Bailment Fees Accrued | Accrued bailment fees on the Financed Assets balance at the interest rate specified on the Floorplan Profile as the Dealer Interest Profile |
| Sold Asset Arrears | Value of the asset post sale (termination) including GST |
| Post Asset Sale Fee Accrued | Accrued bailment fees on the Sold Asset Arrears balance less GST and net of cash allocations an curtailment payments, at the interest rate specified on the Floorplan Profile selected at the Dealer Interest Profile field From the date a Default Interest Profile is allocated to an account Post Asset Sale Fees will no longer be accrued, but will be charged to the Fees account at month end |
| Default Bailment Fees Accrued | Accrued default interest on the Sale Asset Arrears balance less GST and net of cash allocations and curtailment payments, at the interest rate specified on the Default Interest Profile |
Account Information Fields
| Field | Explanation |
| Order Code | Displays the Bailment Order code linked to this account |
| Auto Account Creator Code | Displays the Bailment Auto Account Creator code linked to this account |
Buttons
| [Button] | Explanation |
| View ACC Inv | Displays the Invoice from the Auto Account Creator |
Related Articles
Bailment Account Details - Documents Tab
Purpose Display documents that have been created through system processes so they may be viewed or printed Keeps track of generations of Trust Receipts recorded when changes are made to a Bailment Account Access View | Bailment Dealers | Bailment ...Trust Receipts
Purpose The Trust Receipt document will provide details of the asset for which the account was created. It is a legal agreement between the Dealer and the Finance Company. Creation of Trust Receipts When an account is created, a price adjustment made ...Bailment Account Details Asset Details Tab
Purpose To record asset identifying and purchase details for the Bailment Account These details allow identification of each asset on bailment so asset sales can be audited and tracked Access View | Bailment Dealers | Bailment Dealer Details | ...Create Bailment Account Details
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Purpose To differentiate different types of Bailment Accounts Examples maybe: Related Party Non Related Party Access Account | Edit/View Account Types | | Dialog Details Asset Processing Field Explanation Asset Purchase Trans Type When a bailed asset ...