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Menu: Functions, Specialised Agent debtors, Contract/Loan Debtors

 

Overview

 

System to generate and control transactions relative to multiple sales to multiple debtors, independent of Properties managed by the Agent, which are mainly based on fixed contract amounts.  

 

General Features

 

- Balance brought forward system with no transaction matching

- Fee structure per Debtor to record regular contract billing, dates and amounts

- Updates automatically to the Agent/Business General Ledger

- All transactions raised to the current or next accounting period (month)

- Banking allocation defaults to the agents selected Banking Structure

- Invoice tracking and grouping per Salesperson

 

Accounting Structure

 

- Links to relevant Agent/Business General Ledger and accessed using     Agent/Business number

- Business Contract Debtors Control – Account No. 4169

- Invoice income codes based on user selection and fee structure setup,  without specific restrictions

- Default bank account is 4117 for Local Banking, and 3265 for Central Banking. (4113,4,5,6 may also be used).        

 

This system also contains a Loan system, which has various utilities that recover and administer a loan to a debtor over a period of time, charging a daily based interest rate.