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Maintaining your lease portfolio is a must for cash flow and
invoicing in a timely manner.
The lease record is used to:
Invoice customers monthly, bimonthly, quarterly,
tri-annually, semi-annually, and annually.
The lease can include a service portion. The service portion can be
invoiced on the same or different frequencies from the lease portion.
Service invoicing can be calculated on a per click/page count basis.
After the lease term has ended, either continue with the lease payments,
invoice a buyout to the customer or pickup the equipment. The
equipment is available for sale to another dealer or customer.
Commissions can be paid to a vendor for each lease payment and/or service
payments. Commissions for service can be calculated on a per
click/page count basis. Commissions are automatically added to the
Accounts Payable system when you are paid by your customer.
Leases can be for multiple pieces of equipment.
Multiple leases can be combined on one invoice to your customer.
Depreciation and amortization:
Each lease can be depreciated and post depreciation
expense to the general ledger system.
Lease amortization is calculated and easily displayed.
The Lease expiration report is used to print a list of
leases due to expire.
Other features:
Invoice customers for property taxes, filing fees, and
any other fees.
Invoice for returned equipment.
Maintain insurance information about each lease.
Leases can be operating leases or financing leases.
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