Payment Processing Report

Location

REPORTS > Fleet Reports > Financial

Purpose

The Fleet Payment Processing Report allows you to make loan payments to finance institution and post financing information to your accounting system.

Options

Post to Financials – Send the report data to a file that can then be imported into an accounting system. Before posting Posting, a proof run can be performed by not selecting this option.

Process Payments Thru – The cutoff date for payment processing.

Data Selection

The vehicles are selected by the following rules:

• The Principle Amount is not zero.
• The Remaining Balance is not zero.
• The first payment date should be less than or equal to the cutoff date (or blank).
• The last amortization date should be less than the cutoff date (or blank).
• The vehicle’s bank ID is selected in the list box.
• The vehicle’s product is selected in the list box.

Posting

When the report is being posted, the vehicles are selected by the same rules above. The "Last Amortization Date" is then updated with the "Process Payments thru" date.