Dealer Account Details
Purpose
Dealer
Accounts are just a specialised sundry creditor account that records amounts
that are to be paid out to third parties as a result of system processes. These processes include paying out loan
funds, dealer commission or brokerage.
The
Dealer Account is a mandatory field on all accounts, but transactions are only
posted to the dealer when:
- Lending accounts have dealer profile associated
which has been set up to post some loan components, or have a subsidised
interest component
- Deposit or Unit Fund brokerage is being paid
- Commission payments are made to dealers as a
result of parameters set up on Call and Variable Loan accounts
- Lease Asset
process
Timing
Dealer
Accounts may be viewed or set up at any time
Access
- Dealers | Access Dealer Accounts
- [F2] in the Account lookup field
from the main dialog
Dialog Details
Details Specific Fields
Field | Explanation |
Commission Matrix | Usually blank, if required - [F2] to select the Commission Matrix |
| Head Office | If
required – [F2] to select the head office |
Exclude from Dealer Payouts | Check
this flag on if dealer should not be included when dealer payout process
is run |
The below fields are applicable only to the Lease module, and will only be displayed if the Allow Dealer Lease Direct Debits control flag is checked on | |
Lease DD Path | [F2] to map to the location on your computer
where the Dealers Direct Debit export
file will be saved |
Lease DD Bank Account | [F2]
and select the Cashbook Bank account this DD batch should be created for |
Lease Invoice DD Bank Account | [F2] and select the Cashbook Bank account this
DD batch should be created for |
Details Specific Buttons
| [Button] | Explanation |
| Only used in conjunction with the Lease module |
Related Articles
Dealer Account Summary Report
Purpose To provide the client with a transactional history and balance of a Dealer Account. Rules for selection of transactions to appear on summaries The transactions are not grouped Transaction value date is within the Transaction Date Range ...Bailment Dealer Details - Accounts Tab - Suspense Account
Purpose There are two section to this tab Suspense Account All Dealer Invoice Payments are posted to the Bailment Dealer cash suspense account All cash transactions entered to this account are available to be allocated against invoices through the ...Dealer Account Status Report
Purpose Provides details of the Dealer account current and future ledger balances. Accrued Interest may also be reported Export report data option can be used to review additional set up structures that have been applied to the dealer accounts (such ...Payout Dealer Balances
Purpose To automatically pay to Dealers amounts that are due to them by direct credit or cheque. Dealer accounts can be selectively excluded from this process Timing This process is usually run towards the end of the day, once all loans for the day ...Lease Dealer Profile Details
Purpose A Dealer Profile must be associated with each Lease Account The setup of the Profile will determine which lease cost items will post to an associated Dealer Account. Separate Dealer Profiles will need to be setup for Operating Leases and ...