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Financial Settlement Types

Financial Settlement Types

Owned by Lango: Language and translation manager
Last updated: Sept 17, 2024 by Tomas Nagy
3 min read

The Financial Settlement Types code list is used to define all types of financial settlements that can be made due to early and regular termination, including the setting of other conditions.

Field:

  • Code

    • It represents a unique code that the user enters manually. The code can be numeric, text, or a combination of numbers and text with a maximum length of 10 characters without spaces (it can be replaced by an underscore). We recommend creating it in such a way that it is easy to remember and helps the user identify what type of settlement it is by the code

  • Description

    • The user manually enters a short description of the settlement type

  • Standard Sales Code

    • Standard sales code for the invoice to automatically create the resulting invoice when the financial settlement is posted (explanation below)

  • Standard Sales Code for Credit Memo

    • Standard sales code for credit memo to automatically issue the resulting credit memo when the financial settlement is posted

  • Decisive Field for Invoicing

    • User selects a field from the Fields Lookup table

    • The value of the field determines whether the document type Invoice (positive value) or Credit note (negative field value) is issued

  • Card Object No.

    • The user manually enters the number of the Financial Settlement Card, which is displayed when the Financial Settlement Type is selected

    • Two cards are used:

      • Card 4046815 for contracts with Financing with Services=Y (Operating Lease, Fleet Management) and

      • card 4046816 for contracts with Financing with services=N (e.g. financial lease)

  • Financing Type

    • Option=Financial Leasing, Operating Leasing, Credit, Instalment Sale, Fleet Management

    • Sets the user for which type of financing it will be possible to obtain the given type of financial processing. Select (Create)

  • Financing Product Type Filter

    • Lookup into product types 4026652 financing Product Type:

      • It is possible to select from those product types that have the same Financing Type as the one selected above

      • When you select the next one, the vertical line is automatically filled in

    • When changing the Financing Type, the filter is automatically deleted 

    • If it is not empty, the system will create a financial issue when it is created. allows you to select from those types of financing products that have the type of financing product that is on the contract in the Filters

    • If it is empty, the system will only incentivize those types of financial settlements that suit the type of financing.

  • Code det. Status to create

    • Lookup to detailed statuses. The user selects the detailed state in which the FIV can be created.

    • If it is empty, it can be created in any detailed state.

  • Code det. Release status

    • The user selects from the Detailed Contract Statuses code list the detailed status that the financing contract from which the financial settlement was created will have to have in order to be able to post the financial settlement with the given type. If the financing contract is in a different detailed state, the OC will not allow posting.

    • If the field is empty, the posting of the financial settlement will be possible in any detailed status

  • Early Termination Reason

    • empty by default

    • lookup to the Early Termination Reason (4026469) table. Selects manually by the user. The field is then automatically processed into the financial settlement, where it can be used, for example, for print outputs.

  • Type for Contracts without Services

  • Type for Contract with Services

    • The user selects the financial settlement type for financing products with services (product types that have value = YES in the Financing Product Types field in the Contract with Services field).

    • Selection of predefined options:

      • blank value

      • +/-km

      • Recalculation

      • Total Damage

      • Preterm 1

      • Preterm 2

      • Preterm 3

      • Preterm 4

      • Economic Repair

      • Theft

    • Depending on this type, the calculation tabs on the Financial Settlement 4046815 tab are revealed/hidden (see Financial Settlement Card For Contracts With Services) for contracts with services.