Dealer Buydown
Dealer Buydown is Default Feature which will be available in all the edition.
Dealer BuyDown master screen:-
1. Ensure the menu "Dealer BuyDown" access is given to the user's role in Tools -> Configuration -> Security Configuration -> Modify Role -> Enable "Dealer BuyDown".
2. Go to Master -> Dealer Buydown and you will see list of dealers created based on status filter.
3. The list of created dealers will be displayed along with options to filter based on status and there is also search option. Click on Add dealer to create a new dealer info.
EMI process in sales:-
2. Go to Sales Bill screen, choose a customer and proceed to billing. Ensure for this customer, "both cash and credit" is enabled in credit type field.
3. Click F6 function key to save the bill and a new tender option called "Buy EMI" option will show.
4. A new modal popup will open up and bill amount is auto loaded with other fields empty.
Fields | Definition |
Dealer | Dropdown will show dealers created in Dealer master |
Bill Amount | auto loaded sales bill amount |
Agreement no | User defined |
Agreement date | User defined |
Finance % | User defined |
Finance amount | Total amount for emi. (Bill amount - Margin money) |
Total installment | the total number of installment months. |
No of monthly installment | User Defined. How much installments months opted by customer |
Margin money | Additional money given by customer during downpayment |
Installment amount | per month installment amount to be paid (Finance amount / total installment months) |
Downpayment installment | Total installment months - No of monthly installment |
Downpayment amount | downpayment installment months * installment amount |
Processing fee | user defined. (Added to Amount from customer) |
EMI card charges | user defined. (Added to Amount from customer) |
Dealer Buydown % | Buydown % mentioned in Dealer master |
Dealer Buydown amount | Equivalent Buydown amount auto calculated from % given in dealer master |
DBD collected | downpayment amount collected from customer |
Amount from customer | Total amount to be collected from customer |
Amount from finance institute | finance amount - DBD collected amount |
Round off plus | User Defined. Value to round off |
Net amount from customer | Amount from customer + roundoff plus |
Tender Type | Tender with which Downpayment amount is paid |
Remarks | Additional remarks to display in report |
5. Choose the "dealer" from dropdown and "dealer downpayment %" is autoloaded from master.
6. "Total Installment" -> it signifies the total number of installments and "No of monthly installments" signifies for finance option how much installments months need to be mentioned. Based on this difference, the "Downpayment Installment" months is calculated.
7. "Margin money" signifies the extra money purchased along with downpayment.
8. The total amount will be visible in "Amount from customer" field.
9. "Processing fee" and "EMI card charges" are also added in customer's payment.
10. If buydown amount already collected from customer then that amount can be entered in "DBD collected field". This amount after entered will reduce from finance amount and will be visible in "Amount from Finance Institute" field and in "net amount from customer" field it will get added and displayed.
11. If round off amount needs to be added then it should be mentioned in "Round off plus" and it will be reflected in "Net amount from customer field".
12. The down payment amount tender type must be chosen from the dropdown. The amount in "Net amount from customer" will get loaded against that tender. The EMI amount will get loaded as credit.
13. The "Amount from Finance Institute" will be saved as credit and can be viewed in Day Book Reports in Finance & Accounts module. When customer pays the EMI amount you can adjust in Billwise Receipt screen under Receievable/Payables in Finance and Accounts module.
Related Articles
Business Configuration[Tender]
Business Configuration[Tender] Purpose:- Tender Configuration is used to define and control the payment methods available in the system. It allows you to select which payment options (such as cash, card, UPI, etc.) can be used by customers and ...Setting Tax inclusive and Exclusive
Intro on Tax inclusive and Exclusive It's easy to determine the difference between inclusive tax and exclusive tax. It all depends on whether the tax is added on top of the total retail price, or not. Inclusive tax - The taxes are already a part of ...How to send the invoice in CSV format
To send the invoice in CSV format Purpose - We can import the invoice in csv format to any other software or purchase. Steps to send the invoice in CSV Format: 1.Go Master->Customer 2.Click on Add New Customer 3.Enter the valid email id, Choose the ...RO Master
Purpose: TruePOS provides the functionality to manage Relationship Officers (RO) and calculate dealer commissions effectively. This feature is designed to reward dealers who refer customers to your store or business, encouraging business growth and ...How to add and map a Relationship officer?
Relationship Officer/Dealers are often parts of businesses that involve a supplier and a distributor. The Dealers help businesses win the right customers. In return, they are paid a share of the sales made to the customers. RetailEasy on-cloud ...