Issue:

You receive a third party finance payment and need to record it in Evosus.



Resolution:

Finance fees are applied when adding the payment for the customer, but can only be applied once the order is invoiced.

#1 Go to Customer Profile > Receive Payment 

#2 Enter the payment amount minus the finance fee (the amount of the check). 

#3 Select a payment method. Dealers generally use the Check payment method or create a new payment method specifically for finance check payments. 

#4 Select a cash drawer. 

#5 Enter a check number or reference number. 

#6 In the lower right, click Apply Discounts. 

#7 In the Finance Fees field, enter the finance fees withheld. 

#8 Click Close. 

#9 Click Save Payment.


To confirm where the Finance Fees field will post, go to Administration > Accounting > General Setup > Accounting Defaults. Locate Finance Fee on the Acct Recv tab.  That is the GL account Evosus will use to post Finance Fees entered via customer payments. 

 - If an amount was entered in the AmtToPay column before an AR Discount/Finance Fee was applied you will need to edit the AmtToPay column to account for the AR Discount/Finance Fee.

 - Permissions required: Can Enter Finance Fee in Customer > Payments/Refunds > Payment. To grant permission go to Administration > Accounting > Accounts Receivable > Receive Customer Payment

#1 Grants access to apply finance fees when accepting payment on customer invoices. This option can be found under the “Apply Discounts” button in the customer payment screen.

#2 This permission must be selected in conjunction with the following permissions, (located in the Customer, Security Category): 

 - Can Make Payment 

 - Update Customer