Fixed Loan Dealer Profile Payout Details
Purpose
To allow the setup of rules that will determine how Cost Items of a Fixed Loan are transferred to a Dealer account
Warning
After setup, if any detail is changed then each time a Fixed Loan account associated with this dealer profile is d, new transactions will post to the Dealer accounts based on the change(s) made
Timing
These
details will be set up at the same time as the rest of the Dealer Profile
Access
From within the Fixed Loan Dealer Profile setup dialog
Dialog Details
The below details are displayed on the right hand side of the Fixed Loan Dealer Profile:
The description is the associated Cost Item description from the Fixed Loan Control details. The description used may be different from that listed above.
Each item that is to have a posting to a dealer account must be 
ed and have its rules established.
Details Specific Fields
Field | Explanation |
Deduct Amount | Do Not Use |
| Retain Amount | Enter a fixed amount that will be retained when a Fixed Loan account is saved This amount will post as a debit to the loan associated Dealer account using the Payout Start Transaction Type |
Payout % Start | Enter the percentage of the item that is to be credited to the Dealer account for payout This will usually be 100% The exception will be where some of the loan is to be retained |
Payout % End | Enter the percentage of the item that is to be retained This will usually be 0.00% Tab into this field from Payout % Start will automatically prefill this field with the remaining percentage so both fields will add to 100% The total of the Payout % Start and Payout % End should be 100% |
Payout Start Transaction Type | This Transaction Type is used to post to the Dealer account the amount of the item times the Payout % Start The transaction will post to the Dealer account current ledger The transaction is then available to be paid to the Dealer through the Dealer Payout process |
Payout End Transaction Type | This Transaction Type is used to post to the Dealer account the amount of the item times the Payout % End The transaction will post to the Dealer account future ledger The transactions will not be available for payout through the Dealer Payout process Transactions will be manually added to clear the future balance, depending on whether the retention is to be paid out or taken to income |
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