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Type
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Select the document type. You can select one of the following::
- Credit (loan): A loan means the lending of money from one individual, organization or entity to another individual, organization or entity at an interest rate.
- Financial Lease: A financial lease or capital lease is a type of lease in which company is the legal owner of the asset during the duration of the lease, while the lessee has not just operating control over the asset, but also a substantial share of the economic risks and returns from the change in the valuation of the underlying asset. The lessee will have use of that asset during the lease and will pay a series of rentals of instalments for the use of that asset. The lessee has the option to acquire ownership of the asset (e.g. paying the last rental, or bargain option purchase price).
- Operating Lease: An operating lease is a lease whose term is short compared to the useful life of the asset or piece of equipment being leased. It is commonly used to acquire equipment on a relatively short-term basis. At the end of an operating lease, the lessee has several possibilities: return of the equipment, purchase of the equipment at market value, rental of the equipment.
- Bank Guarantee: A bank guarantee is a guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.
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Repayment Type
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Select the loan repayment type:
- Equal Annuity: The repayment amount consists of principal and interest. The annuity amount is the same each month during the repayment period.
- Equal Repayment: The equal part of principal during the repayment period.
- By payment plan: A payment plan is drawn up, according to which instalments are repaid.
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Interest Rate Calculation Method
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Select the interest rate calculation method:
- Monthly
- Monthly – Avg Days
- Continuous Compounding
- Continuous Compounding (EOD)
- Continuous compounding by month
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From our account
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Default account for paying payment order.
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LCY transaction
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Default document type for transactions in local currency.
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Foreign Transaction
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Default document type for transactions in foreign currency.
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Fill in DR reference
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Select one of the following:
- N- None
- T- External no. of contract
- 1- Document 1
- 2- Document 2
- S- Reference
When making the choice, it is important to ensure that the reference used matches a valid payment reference.
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Add instalments No. to reference
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Adds the number of instalments to reference.
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Fill in CR reference
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Select one of the following:
- N- None
- T- External no. of contract
- 1- Document 1
- 2- Document 2
- S- Reference
When making the choice, it is important to ensure that the reference used matches a valid payment reference.
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Add instalments No. to reference
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Adds the number of instalments to reference.
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Purpose code
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Purpose code for newly created payment orders.
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Doc. Type for Creating Invoices
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Default document type for creating invoices.
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Item for Loan/Lease Interest
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Enter item for interest on loans.
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Item for Contract Value of Loan/lease
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Enter item for contract value on loans/lease.
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Currency
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Enter currency for newly created documents.
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Bank for Exchange Rate
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The bank and the exchange rate to be used on the credit lease if different from the primary currency.
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FX rate source
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Select one of the following:
- Document date
- Target date
- Document FX rate
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Insurance Prepayment
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Enter insurance which will be multiplied on individual instalments.
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Maintenance fee
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Enter the maintenance fee which will be multiplied on individual instalments.
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No. of instalments
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Enter the number of instalments for current documents, which can be changed later.
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