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Content
1.Create card information for hire purchase and lease payable
2.Create hire purchase and lease details
3.Create current year's new finance lease facilities
4.Create opening balance for brought forward loans for first time adoption of plug-in
5.Loan plug-in and use of amortization schedule tool
Create card information for hire purchase and lease payable
Steps
1.At the menu, select Cards.
2.Complete the bank information.
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Create hire purchase and lease details
Steps
1.Visit menu Loan and FD plugin> Finance lease
2.Enter audit index for the schedule.
Create current year's hire purchase and lease facility (new release)
Click on edit button, and enter current year installment information.
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Create opening balance for brought forward loans for first time adoption of plug-in
You have to adjust the opening balance of the loan if the date of purchase of the asset is on previous year.
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Loan plug-in and use of amortization schedule tool
Steps:
1.Click on Amortization button.
2.At the "Purchase & Financing information" dialog, select monthly analysis check box.
3.The minimum lease payment and present value of payments will be shown here.
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