Before creating Active Contract you To activate contract we need to create Calculation, for more information use link change status from Calculation (How to create new financial leasing.
Then the process of transferring status from Calculation to Active Contract is simple.
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At first, you have to click on button Change Status.
From the status Approved the loan is taken as a Contract and calculation numbering is changed to contract numberingNew Financing). On Financing Card we change the status of the financing via Change Status.
We are allowed to change status sequence following:
Calculation → Send Offer (changes status to Offer), Archive Contract (changes status to Archived)
Offer → Send to Approval (changes status to Waiting for Approval), Archive Contract (changes status to Archived)
Waiting for Approval → Approve Contract (changes status to Approved), Archive Contract (changes status to Archived)
Approved → Sign Contract (changes status to Signed), Archive Contract (changes status to Archived)
Note:
From the status Approved the loan is taken as a Contract and calculation numbering is changed to contract numbering.
Signed → Activate Contract (changes status to Active), Archive Contract (changes status to Archived)
Active → Suspend Contract (changes status to Suspend), Early Termination of Contract (changes status to Closing)
Suspend → Activate Contract (changes status to Active), Early Termination of Contract (change status to Closing)
Closing → Settling of Contract (changes status to Settling), Archive Contract (changes status to Archived)
Settling → Archive Contract (changes status to Archived)
Archived → we are not allowed to changed status of archived contract
Follow up:
Note:
On an active contract, you can post installments on a payments calendar. You can also cancel installments, but remember to update the calculation after each cancellation.
Note:
Status change to Approve Contract triggers the control, if there exists Financing No. on Item Card of assigned object, this will ensure that it won’t be possible to approve contract without object, message appears:
“Financial Leasing contract cannot be approved without Fixed Asset/Item.”
Once the contract is activated, there is possible to post installments. Created invoices can be then reached directly from dashboard. On Financing Card are displayed information about invoices:
Posted Invoice Count
Represents the number of posted invoices.
Invoice Count
Represents the number of created invoices, but not yet posted invoices
Posted Credit Note Count
Represents the number of posted credit notes belonging to the current contract.
Clicking on this number opens list of posted credit notes belonging to this contract
Credit Note Count
Represents the number of created but not posted credit memos belonging to the current contract.
Clicking on this number opens list of created unposted credit notes belonging to this contract
Note:
In case there are all payments invoiced in payment calendar and user clicks on button Calculation, payment calendar cannot be recalculated. Instead, there is displayed message:
“There must exist at least one line where Rel<>0.”
Follow up:
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