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Calculation Tab

Calculation Tab

Owned by Lango: Language and translation manager
Last updated: Dec 18, 2024Version comment
16 min read

Field:

  • Always Calendar Month

    • Flag that determines whether payments will be calculated for calendar months, i.e. the beginning of payment periods is the 1st day of the month

    • Flag, which in combination with flag Calculation start=handover date determines whether payments will be calculated for calendar months, technical months or aliquot.

    • Adds the system automatically from the Financing Model of the contract

    • Non-user-editable field

  • Calculation Start = Handover Date

    • Flag that, in combination with Always Calendar Month, determines whether payments will be calculated for calendar months, technical months or aliquot

    • Adds the system automatically from the Financing Model of the contract

    • Non-user-editable field

  • Payment Due Date

    • This field determines whether the system will calculate pre-term interest (at the beginning) or post-term interest (at the end) on the contract

    • Adds the system automatically from the Financing Product Type

    • User-editable

  • Repayment Period

    • The system automatically fills in the value entered in the Create Contract Wizard. This field specifies the length of the period for which the system calculates the contract payment. The user can change the value and select from:

      • Moon

      • Quarter

      • Half a year

      • Year

      • Irregularly

  • Financing Period in Months

    • Will the system automatically fill in the value entered in the Create Contract Wizard

    • Editable only for contracts with Financing with Services=N, the user can change the default value on the contract before activation or after activation. After activation, the change can be made manually (description here) or by a special wizard (see Fig. Změny smlouvy)

    • When editing, the system will check against the min and max value on the Financing Product/Financing Template in a similar way as in the wizard for creating a calculation/contract

      • If the Financing Period-min is not reached, the system displays an error message and the user cannot continue

      • If the Financing Period-max is exceeded, the system displays an error message that the user cannot continue

    • If the check for min and max period passed, the system will check for new financing periods against Financing Term-step on the product/template so that the new financing period must be a multiple of the step on the product/template:

      • If it doesn't fit, it displays an error message and doesn't allow you to continue

        image-20240612-091542.png

      • If it satisfies, it continues.

    • If the Financing Product Type is Optional Financing=N, it will perform a REFI check:

      • checks if the Base Rate and Cost Interest of the given REFI code of the contract comply with the new duration:

        • The Reference Date must be between Valid From and Valid To at both rates.

        • Note: Reference Date is not updated, it is based on an existing value

      • New Value Financing Period (in Months) musí byť v rozmedzí Min.Leas.Contr.Time From and Max.Leas.Contr.Time To na obidvoch sadzbách

    • If the rates are satisfactory, they will remain unchanged in the lease agreement

    • If the rates are not suitable, the OC will search for new compliant rates within the given REFI code. If he finds them, he adds them to the contract and recalculates the Calculation Interest (% p.a.) (Calculation Interest Rate % (p.a.) while maintaining Interest Margin %.

      • Ak REFI kód nemá vyhovujúce obidve sadzby, OC dohľadá nový vyhovujúci REFI kód:

        • The currency code in the contract must be equal

        • The type of interest rate in the contract must be equal

        • Vzťažný dátum smlouvy musí byť v rozmedzí Validity From a Validity To na REFI kóde.

        • Daný REFI kód musí mať vyhovujúce Base Rate a Cost Interest (podmienky ako vyššie)

      • Subsequently, he adds the REFI code and the new rates to the contract and recalculates the Calculation Interest while maintaining the Interest Margin.

    • If he doesn't find the vyhovudjúci REFI kód, zobrazí chybovú hlášku a ďalej nepokračuje.

    • If the Financing Product Type is Use Simple Fee=Y

      • Recalculates Simple Fee Sum (see below for field description)

    • If the Financing Product Type is Use Simple Service=Y

      • The Simple Service Code is supervised by the new value Simple Service from the Typesetter according to the new Financing Period

    • If the Financing Product Type is Use Simple Insurance=Y

      • Searches for a new Simple Insurance Code according to the new Financing Period and finds the value of Simple Insurance based on this code

After these changes, the user will recalculate the contract.

  • Number of Payments

    • Replenishes the system automatically according to the financing period and repayment period

    • The field is not user-editable

  • Entry Fee %

    • The system automatically fills in the value entered in the Create Contract Wizard. Based on this value, the system creates a calculation input for the entry fee according to the system settings.

    • The user can only change the value if the Contract Status is <Effective. If:

      • The entry fee existed before, the OC will update the calculation input according to the new value

      • The entry fee did not exist before, the OC bases the calculation input on the value specified by the user in the contract

      • If the initial fee or calculation input existed in the contract, but the user deletes the value, the OC only updates the existing calculation input to zero value. The user should manually delete the zero calculation input.

  • Initial Fee excl. VAT

    • The system automatically fills in the value entered in the Create Contract Wizard.

    • The User can change the value, using the same mechanisms as when changing the Entry Fee % (see above).

  • Purchase Price excl. VAT

    • The system automatically fills in the sum of the values of the Base Amount field from the contract calculation inputs:

      • To Acquisition=A

      • Calc. Input Variant=Purchase Price or Change of Purchase Price

      • Calculation Enter Date=Expected Handover Date, resp. Handover Date (after activation)

  • Input Price Excl. VAT

    • Fills in the system automatically, as the sum of the Calculation Amount fields (filled in if the calculation input is To calculation=A) from calculation inputs that have parameters

      • To Acquisition=A

      • Calc. Enter Date=Expected Date Handover, respectively. Handover Date (after activation)

  • Amount Paid By Customer %

    • The field is non-editable. Changing the amount is only possible on the calculation input for the entry price for the loan.

    • Fills up the system automatically

      • The system sums up the value of the field To Acquisition=A, the value of the field "Amount incl. VAT" and the value of the field "Amount paid by customer" in all calculation inputs. It then calculates the value of the "Amount paid by customer %" field

      • "Amount paid by customer" * 100 / total "Amount incl. VAT"

  • Amount paid by customer

    • The field is non-editable. Changing the amount is only possible on the calculation input for the entry price for the loan.

    • It completes the system automatically, as the sum of the fields Amount paid by the customer from calculation inputs, which have parameters:

      •  To Depreciation/To Acquisition=A

  • Down Payment %

    • The system automatically fills in the value entered in the Create Contract Wizard.

    • For Financing Type=Credit and Fleet Management it is not editable, for other types of financing the user can change the entered value

    • When changing, the down payment is recalculated

  • Advance payment

    • The system automatically fills in the value entered in the Create Contract Wizard. After changing the value in the Down Payment % field, the system automatically calculates the absolute value of the down payment from the input price

    • For Financing Type=Credit and Fleet Management it is not editable, for other types of financing the user can change the entered value

  • Financed Value

    • Non-editable for all types of financing

    • The system will automatically fill in the value:

      • Financial Leasing, Operational Leasing, Instalment Sale, Fleet Management: Input Price Excl. VAT-Down Payment

      • Credit: from the calculation input from the Calculation Amount field

    • The value enters the calculation Annuity excl. VAT

  • Financed VAT Value

    • The field is used in financial leasing with the delivery of goods

    • The field is calculated by the system and contains the financed value of VAT in the case of payment on the contract, i.e. the sum of the amounts from the payment calendar in the field VAT Payment upon Delivery of Goods (see the field in the addition of table 4026398)

    • Non-editable

  • Total Financed Value

    • The field is used in financial leasing with the delivery of goods

    • The field is calculated by the system and contains the total financed value on the contract, i.e. the sum of the Financed Acquisition Value and the Financed VAT Value

    • Enters the calculation of the annuity through the financial calculator (not through formulas)

    • Non-editable

  • Calculation Residual Value %

    • Fills in the system automatically according to the residual value entered in the Create Contract Wizard

    • The user can change the value of the field only if the value of the "Allow residual value amount to be entered" field is equal to YES on the financing model. Otherwise, the system will display an error.

    • Each time the value in the Residual Value field changes, the calculation system updates the value in this field

  • Calculation Residual Value

    • the system automatically fills in the residual value value entered in the Create Contract Wizard

    • The user can change the value of the field only if the value of the "Allow residual value amount to be entered" field is equal to YES on the financing model. Otherwise, the system will display an error.

    • Each time the value in the Residual Value field changes, the system updates the value in this field

  • Purchase Price Change

    • adds the system automatically as the sum of the calculation inputs of the contract with the "To procurement" and "To calculation" flags and the calculation input type "Input Price Change"

    • non-user-editable field

  • Selling price

    • The user can manually enter the amount that the client will pay at the end of the contract in addition to the entry price on the financing contract. Also used is the term selling fee.

  • Interest Rate Type

    • The system will fill in from the wizard if there is a flag Optional financing=N on the Financing Product Type

    • The field is editable according to the flag on the Contract Product Type:

    • Optional financing=N – editable (i.e. it is allowed to change the interest rate type during the contract term to another one such as on the product/template)

    • Optional financing=A – non-editable (typically for fleet management when the subject is not financed)

    • When the value is changed manually, the system updates the value of the Reference Date field

    • After updating the Reference Date, it will also try to find the new REFI code:

    • If it finds it, it will add the Base Rate and Cost Rate rates.

    • If it does not find it, it deletes the original REFI code, but keeps the interest rates (for technical reasons it is not possible to delete them).

    • When changing to an empty value, the original REFI code is deleted, but the interest rates remain (for technical reasons it is not possible to delete them).

  • REFI Code

    • For calculation with Financing Product Type that has Optional Financing=A is empty and uneditable

    • For calculations with Financing Product Type that has Financing Optional=N, the system automatically fills in the value entered in the contract creation wizard and is editable

    • If it is editable, the user can change the default value. When changing the REFI code manually, the system will update the Reference Date in order to search for rates to the current date.

    • When changing the REFI code, the system filters according to the following filters:

      • Currency

        • There must be the same currency code in the calculation/contract as on the REFI code

      • Valid From

        • The "Valid from" date must be equal to or less than the Reference Date

      • Valid To

        • The "Valid To" date must be empty, equal to or greater than the Reference Date

      • Interest Rate Type

        • Fixed, variable

        • The interest rate type must match the interest rate type of the REFI code.

      • Active=Yes (on REFI code)

    • If no REFI code matches, it will not allow you to select anything else.

    • If the user selects a matching REFI code, they proceed to check the REFI code rates:

      • For the REFI code, there must be Base Rate and Cost Ratethat have:

        • Valid From

          • The "Valid From" date must be equal to or less than the Contract Reference Date

        • Valid To

          • The "Valid To" date must be empty, equal to or greater than the Contract Reference Date

        • The base rate must have a value greater than 0.00, check when the rate is applied

        • Financing Period (Month) must be Min. Leas.Contr.From<=Financing Period<=Max. Period leas.sml.do

        • Active=A

    • If the Base Rate and Cost Rate are suitable, then it will take them into the wizard fields:

      • Basic Rate

      • Cost Rate

        • If there is also a valid Special Liquid Cost (same conditions as for the Base Rate and Cost Rate) that has the same Financing Contract No., then it will take over the value of the Special Liquid Cost and not the Cost Rate in the Cost Rate.

    • Then calculates:

      • Reference Interest=Base Rate+Cost Rate

      • Calculation Interest = Reference Interest + Interest Margin (Takes Margin from Product/Template)

      • If the user enters the Calculation Interest value, he calculates the value of Interest Margin%=Calculation Interest%-Reference Interest

  • Calculation Interest %

    • Will the system automatically fill in the value entered in the Create Contract Wizard

    • User can change if Interest Rate Type is Fixed. In the case of the Variabil interest rate type, the system automatically calculates the calculated interest after entering the interest margin and the field is not editable by the user

    • The calculation interest can also be zero, even for Optional Financing=N. If the input price is non-zero and the calculation interest is zero, the system calculates the annuity payment by dividing the financed value by the number of installments – in this case, the annuity payment is even.

  • Interest Margin %

    • Will the system automatically fill in the value entered in the Create Contract Wizard

    • The user can change it if the interest rate type is Variable. In the case of the Fixed System interest rate type, the margin is automatically calculated after entering the calculation interest and the field is not editable by the user

  • Reference Interest %

    • The system will automatically fill in the value entered in the contract creation wizard or according to the entered REFI code

    • Non-user-editable field

  • Cost Interest %

    • The system will automatically display the value entered in the contract creation wizard or according to the entered REFI code

    • Non-user-editable field

  • Base Rate %

    • The system will automatically display the value entered in the contract creation wizard or according to the entered REFI code

    • Non-user-editable field

  • IRR%

    • Fills up the system automatically

    • Non-user-editable field

    • A detailed description is given in the subchapter below

  • APR% (APR%)

    • It is an indicator of the annual percentage rate of charge. The system calculates it automatically when generating a payment calendar on the financing contract

    • Non-user-editable field

    • A detailed description is given in the subchapter below

  • Annuity Excl. VAT (Annuity Excl.VAT)

    • It calculates the OC automatically after creating a calculation using a formula without creating a contract payment calendar. Rounding according to the Part Payment Rounding Code on the Financing Model. Recalculation is possible using the Instalment Calculation button – for calculation, see the Instalment Calculation chapter.

    • If a contract payment calendar is created, the OC will update this field when deploying the payment calendar from the Annuity Excl. VAT field from the payment (line) that matches:

      • First unposted (Posted=N) and

      • Aliquot Payment=N, Downpayment Line=N, Recalculation Settlement=N and Partial Payment Credit=N

      • If the contract flag is Financing with Services=N, then also non-zero Payment Amount (Amount<>0) from the TC of the contract. If Y, don't check the Amount. 

  • Insurance Excl.VAT (Insurance Excl.VAT)

    • It calculates the OC automatically after creating a calculation using a formula without creating a contract payment calendar. Recalculation is possible using the Instalment calculation button (in the case of standard insurance and in the case of simple insurance separately) – for calculation, see chapter Instalment calculation.

      • In the case of simple insurance, it is rounded separately according to the Insurance Rounding Code on the contract model.

      • In the case of standard insurance, it is rounded according to the insurance settings.

    • If a contract payment calendar is created, the OC will update this field when deploying the payment calendar from the Insurance field from a payment (line) that matches:

      • First unposted (Posted=N) and

      • Aliquot Payment=N, Downpayment Line=N, Recalculation Settlement=N and Partial Payment Credit=N

      • If the contract flag is Financing with Services=N, then also non-zero Payment Amount (Amount<>0) from the TC of the contract. If Y, don't check the Amount. 

  • Services Excl.VAT (Services Excl.VAT)

    • It calculates the OC automatically after creating a calculation using a formula without creating a contract payment calendar. Recalculation is possible using the Instalment Calculation button (in the case of standard services as well as in the case of separate services) – for the calculation, see chapter Instalment Calculation

      • Rounding according to the Service Rounding Code on the financing model, in the case of standard services also simple services.

    • If a contract payment calendar is created, the OC will update this field when deploying the payment calendar from the Services field from the payment (line) that matches:

      • p ̈First unposted (Posted=N) and

      • Aliquot Payment=N, Downpayment Line=N, Recalculation Settlement=N and Partial Payment Credit=N

      • If the contract flag is Financing with Services=N, then also non-zero Payment Amount (Amount<>0) from the TC of the contract. If Y, don't check the Amount. 

  • Payment Excl. VAT (Payment Excl.VAT)

    • It calculates the OC automatically after creating a calculation using a formula without creating a contract payment calendar. Recalculation is possible using the Instalment Calculation button – see calculation Výpočet splátky

    • If a contract payment calendar is created, the OC will update this field when deploying the payment calendar from the Payment Excl. VAT field from the payment (line) that matches:

      • First unposted (Posted=N) and

      • Aliquot Payment=N, Downpayment Line=N, Recalculation Settlement=N and Partial Payment Credit=N

      • If the contract flag is Financing with Services=N, then also non-zero Payment Amount (Amount<>0) from the TC of the contract. If Y, don't check the Amount.

    • Without a separate rounding setting – is the sum of already rounded values.

  • Payment incl. VAT (Payment Incl. VAT)

    • It calculates the OC automatically after creating a calculation using a formula without creating a contract payment calendar. Rounding according to the Total Rounding Code on the Financing Model. Recalculation is possible using the Instalment Calculation button – for calculation, see the Instalment Calculation chapter.

    • If a contract payment calendar is created, the OC will update this field when deploying the payment calendar from the Payment Amount from Payment (Line) field that matches:

      • First unposted (Posted=N) and

      • Aliquot Payment=N, Downpayment Line=N, Recalculation Settlement=N and Partial Payment Credit=N

      • If the contract flag is Financing with Services=N, then also non-zero Payment Amount (Amount<>0) from the TC of the contract. If Y, don't check the Amount. 

  • Simple Fee % (Simple Fee %)

    • Adds wizard to create calculation/contract automatically if there is Use simple fee=Y on the Financing Product Type (not possible for contracts with Financing with Services=Y) from the financing product or financing template (if the calculation was created from a template) from the field of the same name from the Currency and calculation parameters subform.

    • Editable if the Financing Product Type is Use Simple Fee=Y and Status<Active is not otherwise (not even on the change copy), Simple Fee and Simple Fee Sum are automatically recalculated when changing

    • When the Simple Fee value changes, it is automatically recalculated:

      • Simple Fee %=round(Simple Fee*100/Financed Amount (4047245),2)

  • Simple Fee

    • Adds wizard for creation automatically according to Simple Fee %

    • Editable if the Financing Product Type is Use Simple Fee=Y and Status<Active (even on the change copy) is not. When changing, Simple Fee % and Simple Fee Sum are automatically recalculated

    • The value enters the instalment – for calculation, see chapter Instalment Calculation

    • It counts:

      • Simple Fee=round(Financed Amount (4047245)*( Simple Fee %/100),2)

  • Simple Fee Sum

    • Calculates OC automatically

    • It counts:

    • Simple Fee Sum = Simple Fee * No.of Payments (24)

  • Simple Service Code

    • Adds wizard to create the calculation automatically if there is flag Use simple service=Y on the Financing Product Type (not possible for contracts with Financing with Services=Y), otherwise not. Searching for the code is the same as described below as filtering during lookup.

    • Editable only if the Financing Product Type is Use Simple Service=Y and Status<Active (even on the change copy) is not otherwise

    • Lookup to a new Simple Service table (see PD Business Settings) with the following filters enabled:

      • Fuel Type = same as on the subject of the contract

      • Engine Displacement From<Engine CCM (72) on Subject<=Engine Displacement To (Incl.)

      • Valid From<workdate<=Valid To

  • Simple Service

    • The field will be editable only if it is on the Financing Product Type Use Simple Service=Y and Simple Service Code<>blank and Status<Active (not even on the change copy).

    • The value enters the instalment – for calculation, see chapter Instalment Calculation

    • After selecting Simple Service Code, the value is filled in automatically from the Simple Service Rate table as follows (filters):

      • Code Same

      • Duration From<Financing Period (23) from the contract<= Duration To (Incl)

      • Valid From<workdate<=Valid To

  • Simple Insurance Code

    • Adds wizard to create calculation automatically if there is flag Use simple insurance=Y on the Financing Product Type, otherwise not. Searching for the code is the same as described below as filtering during lookup.

    • On the editable tab, only there is on the Financing Product Type Use Simple Insurance=Y and Status<Active otherwise not, add after Service Payment Period

    • The user can change the lookup to the Simple Insurance table while the filters are turned on:

      • Duration From<Financing Period (23) from the contract<= Duration To (Incl)

      • Valid From<workdate<=Valid To

  • Simple Insurance

    • The field will be editable only if it is on the Financing Product Type Use Simple Insurance=Y and Simple Insurance Code<>blank and Status<Active (not even on the change copy).

    • The value enters the instalment – for calculation, see chapter Instalment Calculation

    • After selecting Simple Insurance Code, the value is filled in automatically from the Simple Insurance Rate table as follows (filters):

      • Code Same

      • Valid From<workdate<=Valid To

  • Paym. calendar is a tax document

    • Fills in the system automatically from the Currency subform and calculation parameters from Financing Product/Template

    • If A – it is not necessary to print installment invoices from the payment calendar

    • If N – for instalments from the payment. calendars it is necessary to print invoices (typically for foreign exchange contracts)

  • VAT Special Mode

    • YES/NO

    • For SK legislation – the calculation of instalments will be carried out according to par. 66 of the VAT Act (second-hand goods)

    • For CZ legislation – detto.

    • The system displays the value of the field from the financed object

    • By clicking on the value of the field, the system will display an overview of the financed object

  • Releasing Excluding VAT (VAT)

    • YES/NIE

    • The field is non-editable.

    • The system displays the value of the field from the financed object.

    • By clicking on the value of the field, the system will display an overview of the financed object

  • Leasing with delivery of goods

    • The flag is calculated from the Financed Object from the flag of the same name to the contract.

    • Indicates a contract that is in financial leasing mode with delivery of goods and is non-editable.

The technique of using flowfield is here to ensure that the solution is database-compatible with Leaseback and Special Tax Regime.

  • VAT Financing

    • In the case of Leasing with delivery of goods, a field indicating whether the customer requires payment of VAT in instalments or will pay VAT according to the issued tax document

    • The field is relevant only for Financial leasing in the Delivery of goods mode, it is editable if Leasing with delivery of goods=A and Status<Active

    • The change drops the Calculation Lines – Updated flag if it is a change in the contract; The status of the contract is also checked in the event of a change