The Finance tab is purely a place-holder to store information within Jim2 contracts.
There are currently no reports available for this section.
This tab will allow for the entry of finance details as per the deal types that have been set up.
The Finance tab will be displayed if the deal type is flagged as Has Finance, and the machine is either a master machine or a single machine.
Field |
Explanation |
|
|---|---|---|
Fin. Ref. |
This can be anything, however it is mostly used for contract numbers provided from the finance company. |
|
Charge Type |
Billed in Arrears |
Whether the customer is billed after being provided the service. |
Billed in Advance |
Whether the customer is billed prior to providing the service |
|
Total Contracted (ex Tax) |
This is the overall financed amount of a contract. |
|
Periodic Amount (ex Tax) |
The amount that is paid per period, whether monthly, quarterly, etc. |
|
Periodic Billing Cycles |
Frequency of billing. |
|
Contract Start Date |
Start date of the contract. |
|
Term in Months |
The number of months the contract will run for e.g 12, 24, 36 months, etc. |
|
Contract Expiry Date |
This will auto-populate from the contract start date and the term in months |
|
Residual Amount |
Residual refers to the amount of money a customer would be obliged to pay if they choose to keep the copiers at the end of the finance term. It can also be referred to as a Balloon. Typically, the residual or balloon is on a lease type deal and not a rent. |
|
The finance preview pane will only be made visible if the deal type includes finance. The finance pane will not be visible for child machines.
Further information