F5488

Accounts Missed Payments Report

A report has been developed to identify all accounts where a payment has been missed within a specific time frame. This report can be used to identify accounts in arrears, as well as those accounts with a credit balance that are not receipting regular payments.

Note: Prerequisite for the report is that Cashbook posting transaction types have been set up with the Post Last Receipt functionality checked on

See help document for further information

• Accounts | Print Missed Payments Report
  

F5325

Accounts Interest Rate Summary Process & Report

A new report is available that provides a summary of interest rates for each module over the last 13 months, 

The report is dependent on the Create Interest Rate Summary process being run each month, so historical data cannot be produced.

See Help documents for further information

• Accounts | Create Interest Rate Summary
  
• Accounts | Print Account Interest Rate Summary Report
  

F5630

Account Summary Report Update

The following changes have been made to the Arrears Balance labels on the report summary:

• ‘Arrears’ changed to Arrears/(Prepaid) Balance
  
• ‘Total Due including arrears of $xxx.xx’ changed to Total Due including Arrears/(Prepaid) of $xxxx.xx
  
• If the amounts are credits, the value is enclosed in brackets.
  

F5634

Bailment Dealer Transfer – Management of Distributor Transactions

When a Bailment Dealer Transfer is undertaken, the Distributor transactions are now grouped according to the below set of rules:

If the FFP does not have payment terms checked on, then the Transfer Transactions are grouped. 

If the FFP has payment terms checked on:

• If the Payment date is in the future (not paid to the distributor). Original Credit and Transfer Debit are grouped. New credit remains ungrouped and payment date is updated to the FFP End Date on the originating transfer account.
  

• If the Payment date is in the past (invoice already paid to the distributor) then the Transfer Transactions are grouped. 
  

No setup changes are required.

F5606

Direct Credit and Direct Debit Processing Change for API Updates

A change has been made to the Distributor Payout and Bailment Direct Debit processes to overcome an issue where the report totals vary from the DC/DD batch totals due to website/API processing occurring during the reporting/posting process.

The information on the Bailment Direct Debit report and the Distributor Payout report is now captured and saved to the database. When the respective processes are run, they will generate the direct debit and direct credit batches based on the saved report information. 

No setup changes are required

F5637

Part Payment Direct Debits

The Next Direct Debit Date and Amount fields are now accessible on the account curtailment tab, regardless of the accounts’ arrangement status.

No setup changes are required.

F5642

Future Ledger Transactions for Non-Curtailed Accounts

The rule preventing future ledger transactions being coded to non-curtailed accounts has been removed to accommodate part payment functionality.

Now, a warning will be displayed “Posting is to the future ledger of a bailment account.  Is this correct?”. If the user confirms, then the future ledger transaction will be accepted.

F5212

Facility Limits for Group Dealerships 

A new checkbox has been introduced on the Bailment Dealer Associated Parties tab

F5635

Order Processing Credit Check

An additional rule has been implemented to the manual create order process.

If the Bailment Dealer total utilised credit exceeds the primary facility limit, then the order will automatically be referred.

No setup changes are required.

The following reports and processes are now available in batch processing:

• Accounts | Print Missed Payments Report
  
• Accounts | Create Interest Rate Summary
  
• Accounts | Create Interest Rate Summary Report
  

F5311

Fixed Loan Australian Credit Code Compliance

The Fixed Loan Account Type Setup and the Fixed Loan Details dialog have been updated to accommodate changes required for the Australian credit code. 

These changes require no action by our NZ clients and will have no effect on setup and processing of fixed loan accounts.

Fixed Loan Details - New Fields

• Principal Int Prfl – This will be blank and display only for NZ clients
  
• Accrued Interest – This is interest calculated on the future ledger and should always be 0.00 for NZ clients
  

Fixed Loan Details - Renamed Fields

• Future Balance is now ‘Receivable Balance’
  
• Current Balance is now ‘Arrears Balance’
  
• Accrued Interest is now ‘Default Accr Int’
  

See Help documents for further information

• Fixed Loan Details
  
• Account Type – Fixed Loan Details
  

F5639

Fixed Loan Payment Schedule – Communication Replacement Field

Two new communication replacement fields have been created:

• [HPACC_PAYMENT_SCHEDULE] - This allows the schedule report detail to be included within a communication
  

• [HP_ACC_INSTGST_TOTAL] - This is the total of the GST on all instalments added together
  

F5313

Lease Asset Type 

The functionality of Asset Types associated with Lease Assets has changed.  It is now possible to add a depreciation rate and method to each asset type.  Once selected, two dialogs are automatically updated:

• The asset type details will then update the Tax Depn Method and Rate/Life on the Tax Depreciation dialog within the Edit Lease Asset dialog. 
  
• The Tax Depn Method and Rate/Life within the Asset details section of the Lease Asset Details.
  

When undertaking a lease quote, the asset type may be selected from the collateral details.

F5314

Disbursement (Payout) Details on Quote

New functionality has been introduced to the Quote to allow for payouts to multiple external parties. 

Payouts will be entered to the Disbursement details dialog, these may be to an existing client, or a one off creditor.

When the Quote is made into an account, a cashbook batch will be created containing the payouts. This batch may be added to throughout the day, if multiple quotes become live. 

At the end of the day, the batch will be accessed and unsuspended, and a Direct Credit file created via the [DC File] function. 

When post to other systems is run, the transactions will post to the applicable dealer account for [group]ing.

Note: The payout button does not have to be completed where only a single external party will receive payment.

Some setup is required. Please review the following help documents for further information:

• Quotes | Edit/View Account Variable Fields
  
• Quotes | Disbursement Browse
  
• Quotes | Disbursement Details
  
• Quotes | Processing Payouts
  

F5631

Variable Loan Account Status Export

The Export Report data option now includes the Vendor Program Code and Description

D1936 | Z3301

Account Exposure Report

An issue with the Account Exposure report Top clients calculation has been resolved. 

D1944 | Z3356

Order Processing Button Placement

The Function buttons on the dialog are now correctly aligned when accessed via a lookup.

D1917

Lease Asset Sales to prior periods

An error message is now presented if the sale date entered is not within the same month as the lease month end. 

D1938 | Z3333

Web Part Payment display

An issue with the display of the outstanding balance on the dealer website for an account with a part payment has been resolved. The outstanding balance will now display without the account being placed under arrangement.

D1948 | Z3397

Distributor Direct Debit Transaction Type

When Distributor Direct Debits are raised, the Transaction Type used will be selected from the Distributor Account Type Direct Debit field.