LeasePak UX 5.0a Reference Guide

Table of Contents

• Help: How to Use the Reference Guide
  
  
• What's New in LeasePak UX 5.0a

• LeasePak Module Listing

  • Base System
  • JULE Fund Enhancements
  • Optional Modules

• Getting Around in LeasePak

  • Signing On, Changing Password, Exiting LeasePak
    
  • Navigating LeasePak
    
  • Using the Keyboard and Mouse
    
  • Entering Data
    
  • Running Reports
    
  • Notebook
    
  • Client Search

• Calculations

  • Lease Accrual Methods
    
  • ITC Accrual
    
  • Notes Payable Accrual Methods
    
  • Late Charges
    
  • Payoff Methods
    
  • Initial Direct Costs/Revenues
    
  • Net Present Value
    
  • Internal Rate of Return
  • Check Digit
    
  • Miscellaneous Calculations

• General Ledger Accounting

  • Introduction
    
• Chart of Accounts
  
• Transaction Processing
  
• Reconciliation Procedures

• Depreciation

  • Introduction
    
  • LeasePak Depreciation Methods
    
    • Accelerated Cost Recovery System (ACRS)
      
    • ADR 150% Declining Balance
    • ADR 200% (Double) Declining Balance
    • ADR Straight Line
    • ADR Sum of the Years’ Digits (SOYD)
      
    • Bypass
      
    • Declining Balance 125%
    • Declining Balance 150%
    • Declining Balance 175%
    • (Double) Declining Balance 200%
      
    • DVA1 and DVA2 (Australian)
      
    • Modified Accelerated Cost Recovery System (MACRS)
      
    • Straight Line
    • Straight Line Half Year Convention
    • Straight Line Mid-month Convention
      
    • Sum of the Years’ Digits (SOYD)

       

• Prorate Income,IDC and Book Depreciation
• IDC and Book Depreciation

 

 

Reference Documents

Modules

• High Volume and Split EOP

• Automated Lease Document Gerneration

Interfaces

• Metro 2 Interface

• Credit Bureau Interface

• Pricing Tool Interface

Reference

• Driver Options
  
  
• LeasePak Key Structure
  • Accounting Unit Hierarchy
  • Client Relationships
    
    
• LeasePak Security
  
  
• Maximum Array Sizes
  
  
• Menu Structure (Quick Menu)
  • Updates
  • Tracking Setup
  • Tracking Modules
  • Reports
    
    
• Status Codes
• Lease Status Codes
• Asset Status Codes
• User Defined Statuses
  
  
• Tax Considerations
• Investment Tax Credit (ITC)
• Alternative Minimum Tax (AMT)
• Adjusted Current Earnings (ACE)
  
  

Release Archive

• What's New Archive

Updates: Daily Work [U01]

• New Lease [U0101]

• Add Asset
  
• Batch Applications
  
• Batch Book Requirements [U0801]
  
• Book Lease
  
• Delete Asset
  
• Disburse Check
  
• Quick Add Asset
  
• Quick Book Lease
  
• Remove Lease
  
• Reverse Check
  
  

• Payments [U0102]

  • Introduction
  • Payments Option Menus
  • Payments Options
• Batch Number Payment Reversal
  
• Enhanced Payments
  
• Payment Reversal
  
• Payment/Principal Interest Waiver
  
• Payments
  
• Reverse Payment Reversal
  
• Reverse Payments to Effective Date

• Payoff [U0103]

  • Payoff Menu and Options
  • General Information
    
  • Partial Asset Payoff
    
  • Partial Asset Payoff Reversal
    
  • Payoff
    
  • Payoff Reversal
    
  • Sale of Asset in Inventory
    
  • Termination
    
  • Termination Reversal

• Payment Reschedule [U0104]
  
  
• Assessment [U0105]
  • Assessment
  • Assessment Waiver
    
    
• Group Property Tax Assessment [U0106]
  
  
• Payment Extension [U0107]
  • Payment Extension
  • Payment Extension Reversal
    
    
• Lease Extension [U0108]
  • Automatic Lease Extension
  • Lease Extension
  • Lease Extension Reversal
    
    
• Suspense [U0109]
  • Add Suspense
  • Change Suspense
  • Clear Suspense via Cashier’s Check
  • Clear Suspense via G/L Account
    
    
• Cashier’s Check [U0110]
  • Add Cashier's Check
  • Change Cashier's Check
  • Delete Cashier's Check
    
    
• Session [U0111]
  • Add/Change Session
  • Delete Session
    
    
• Split/Merge Qty Asset [U0112]
  • Transfer to New Asset
  • Transfer to Existing Asset
    
    
• Asset Add-On [U0113]
  
  
• Change Lease Key [U0114]
  
  
• Suspended Earnings [U0115]
  
  
• Rebook [U0116]
  
  
• Cashier’s Check Disbursal [U0117]
  
  
• Payment Due Day Change [U0118]
  • Payment Due Day Change
  • Due Day Change Reversal
    
    
• Property Tax/FHUT Payable [U0119]
  
  
• Change Asset [U0120]
  • Adjust Original Cost
  • Change Depreciation
  • Change Key
  • Reverse Depreciation Accrual
  • Write Down
    
    
• General Ledger Adjustment [U0121]
  
  
• Third Party Payable [U0122]
  
  
• Lease Discounting [U0123]
  
  
• Investor Settlement [U0124]
  
  
• IBL Principal Adjustment [U0125]
  • Principal Write-Down
  • Principal Write-Down Reversal
  • Principal Write-Up
  • Principal Write-Up Reversal
    
    
• Cash Control [U0126]
  
  
• Reversal Suspense [U0127]
  • Add Reversal Suspense
  • Change Reversal Suspense
  • Clear Reversal Suspense via Cashier's Check
  • Clear Reversal Suspense via G/L Account
    
    
• Salvage Value Write Down [U0128]
  
  
• Batch Payoff [U0129]

Updates: Maintenance [U02]

• LeasePak Client [U02 various]
  • Add a LeasePak Client
    • Client Search
      
  • Change/Delete a LeasePak Client
    
    
• Vendor [U0201]
  
  
• Master Financial [U0202]
  
  
• Lessee [U0203]
  
  
• Demographic [U0204]
  
  
• Customer [U0205]
  
  
• Office [U0206]
  • Add/Change Office
  • Delete Office
    
    
• Region [U0207]
  • Add/Change Region
  • Delete Region
    
    
• Company [U0208]
  • Add/Change Company
  • Delete Company
    
    
• Group [U0209]
  • Add/Change/Add a Lease to Group
    
  • Delete Group
    
  • Delete a Lease from Group
    
    
• Asset [U0210]
  
  
• Loan [U0211]
  • Add Loan
  • Change Loan
  • Delete Loan
    
    
• Portfolio [U0212]
  • Assessment Customizations
    
  • Calculation Customizations
    
  • End of Period Customizations
    
  • Field Customizations
    
  • Miscellaneous Customizations
    
  • Modules Customizations
    
  • New Lease Customizations
    
  • PAP/ACH Control File
    
  • Payoff Customizations
    
  • Predefined Cycles Customizations
    
  • User Defined Fields/Tables
    
    
• Payoff Quote [U0213]
  
  
• Split Asset [U0214]
  
  
• Change Accrual [U0215]
  
  
• Investor [U0216]
  
  
• Guarantor [U0217]
  
  
• Lessee/Customer [U0218]
  • Add a Lessee to a Customer
  • Remove a Lessee from a Customer
    
    
• Broker [U0219]
  
  
• Lender [U0220]
  
  
• Investor Group [U0221]
  • Add/Change Investor Group
  • Delete Investor Group
    
    
• Tax Entity [U0224]
  • Add/Change Tax Entity
  • Delete Tax Entity
    
    
• IDC/IDR Adjustments [U0225]
  
  
• Dealer Statement Adjustments [U0226]
  
  
• PAP Account Maintenance [U0227]
  
  
• User Defined Client [U0229]
  
  
• Multiple Asset Maintenance [U0230]
  

Updates: Predefined Cycle [U03]

• Cycle Accruals [U0301]
  • Accrual
    
  • Accrual Reversal
    
    
• Cycle Invoices [U0302]
  
  
• Unbilled Receivables [U0303]
  
  
• Preauthorized Payments [U0304]
  
  
• Batch Payments [U0305]
  
  
• Batch Payment Reversal [U0306]

Updates: End of Period [U04]

• Overview
  
  

• Interactive Updates

  • Submit [U0401]
  • Status Review [U0402]
  • Status Listing [U0403]
  • Halt/Restart/Skip [U0404]
  • Restart [U0405]
  • Print/View Reports [U0406]
    
    
    
• Non-Updating Reports
  
  

• End of Period Modules
  

  • Application/RAP Clean-Up [U0453]
  • Assumed Payments [U0414]
  • Auto Apply Suspense for IBL [U0420]
  • Automatic Charge Off [U0440]
  • Automatic Desecuritization [U0435]
  • Automatic Lease Extension [U0430]
  • Automatic Suspended Earnings [U0439]
    
    
  • Batch Assessments [U0418]
  • Batch Escrow Disbursement [U0409]
  • Batch Payment Reversal [U0470]
  • Batch Payments [U0415]
  • Batch Payoff [U0427]
    
    
  • Cashier's Check Disbursal [U0117]
  • Clear Year-To-Date Fields [U0482]
  • Closed Lease Clean-Up [U0419]
  • Collateral Tracking Initialization [U0432]
  • Credit Bureau Extract Metro 2 Format [U0462]
  • Credit Bureau Extract Metro 2 Format [U0463]
  • Cycle Accruals [U0301]
  • Cycle Invoices [U0302]
    
    
  • Dealer Statement [U0426]
  • Depreciation [U0443]
  • End of Period End [U0499]
  • End of Period Start [U0410]
    
  • General Ledger Interface [U1003]
  • General Ledger Lessor Income [U0446]
  • Historical Payment/RTX Clean-Up [U0451]
    
    
  • Insurance Risk Fee [U0428]
  • Insurance Status Update [U0421]
  • Insurance Tracking [U1002]
  • Insurance Tracking Initialization [U0421]
  • Investor Income Participation [R0701]
  • Investor Settlement [U0124]
  • ITC Accrual [U0444]
    
    
  • Late Charges Calculation and Assessment [U0433]
  • Loan Accrual [U0455]
  • Master General Ledger Reconciliation Report [U0460]
  • Maturing Lease Tracking Initialization [U0431]
  • Missing Auxiliary File Elements [U0445]
  • Notes Payable Accrual [U0905]
  • Portfolio Status [U0442]
  • Preauthorized Payments [U0304]
    
    
  • Sequential Updates [U0411]
  • Sequential Updates Post-Merge [U0413]
  • Sequential Updates Post-Processor [U0412]
  • Suspense Review [R0203]
  • Use Tax Disbursal [U0449]
    
    
  • Vendor ACH [U0424]
  • Vendor File Clean-Up [U0423]
    
  • Vendor Income Participation [R0801]
  • Vendor Payment Participation [R0805]
  • Vendor Totals [U0441]
  • Vertex Interface [U0437]
    
    
  • Year-End File Build [U0481]
  • Zero Daily General Ledger Accounts [U0422]
  • Zero Monthly General Ledger Accounts [U0450]
  • Zero Monthly General Ledger Accounts (EOY) [U0450]

Updates: End of Year Tax Model [U06]

• End of Year Tax Model [U06]

  • Propose Depreciation Methods [U0601]
    
  • Submit Batch Job For Proposal [U0602]
    
  • Gross Bookings By Quarter [U0603]
    
  • Depreciation EOY [U0604]
    
  • Gain/Loss EOY [U0606]
    
  • Gross Profit Recalculation [U0607]
    
  • Gross Profit Deferral [U0608]

Updates: Auxiliary Table Maintenance [U07]

• Location [U0701]
  • Add Location
    
  • Change Location
    
  • Delete Location
    
    
• Salesperson [U0702]
  • Add Salesperson
  • Change Salesperson
  • Delete Salesperson
    
    
• CCA Class [U0703]
  
  
• Auxiliary Address [U0704]
  • Add/Change
    • Collection Agency
    • Credit Bureau
    • Legal Firm
    • Remittance Address
    • Regional Codes
      
  • Delete Auxiliary Address
    
    
• Base Rates [U0705]
  
  • Add Financial Institution Base Rates
    
  • Change/Update All Base Rates For Financial Institution(s)
    
  • Delete Financial Institution Base Rates
    
    
• Security [U0706]
  • Add/Change Security
    
  • Delete Security
    
    
• Approval Officer [U0707]
  
  
• Financial Institution Name [U0708]
  
  
• Activity/Bankruptcy Status [U0709]
  
  
• Asset Description [U0710]
  • Add Manufacturer
    
  • Change/Delete Manufacturer
    
  • Add Model
    
  • Change/Delete Model
    
    
• Custom General [U0712]
  • Account Customizations
    
  • Device and Printer Customizations
    
  • End of Period Customizations
    
  • Field Customizations
    
  • Miscellaneous Customizations
    
    
• State [U0713]
  • Add/Change State
    
  • Delete State
    
    
• Federal Highway Use Tax (FHUT)[U0714]
  • Add/Change FHUT
  • Delete FHUT
    
    
• Office G/L Change [U0716]
  
  
• Weekend and Holiday Assignment [U0720]
  
  
• Lease Form [U0721]
  
  • Add/Change Lease Form
    
  • Delete Lease Form
    
    
• Custom Code [U0722]
  • Custom Code Category Listing
    
  • Add Custom Code
    
  • Change Custom Code
  • Delete Custom Code
    
    
• Transfer Price Rate [U0723]
  
  
• Team [U0724]
  
  
• Sales Tax On Assessments [U0725]
  • Add/Change Sales Tax on Assessments
  • Delete Sales Tax on Assessments
    
    
• Time Zone [U0726]
  • Add/Change Time Zone
  • Delete Time Zone Information
    
    
• Custom Edit Check Codes [U0727]
  • Add Edit Check Codes
  • Change Edit Check Codes
  • Delete Edit Check Codes
    
    
• Queue [U0728]
  • Add/Change Queue
  • Delete Queue
    
    
• Agency [U0729]
  • Add/Change Agency
  • Delete Agency
    
    
• Depreciation [U0730]
  • Add/Change Depreciation
  • Delete Depreciation
  
  

Application Tracking [U08]

• Application Tracking [U0801]
  • Introduction
  • Application Menu
    
  • New Application
  • Change/View Application
  • Delete Application
    
  • Application Assets
    
  • Document List
  • Enhanced IDC/IDR
  • Insurance (Application)
    
  • Status Transfer
    
  • Book Requirements
  • Data Entry Requirements
    
  • Client Exposure
    
  • Single Application Selection
  • Application Work Schedule
    
    
• Application Tabs [U0801]
  
  
• Application Asset Tabs [U0801]
  
  
• Batch Book Requirements [U0801]
  
  
• Drawdown Tracking [U0801]
  
  
• Application Tracking Setup [U08]
  • Introduction
    
  • Status [U0811]
    
  • Flow [U0812]
    
  • Field Security [U0814]
    
  • Document List [U0815]
    
  • Rate Plan [U0816]
    
  • Rate Plan Group [U0817]
    
  • Reason/Condition [U0818]
    
  • Custom General [U0821MO]
    
  • Portfolio [U0822]
    
  • User Profile [U0831]

Updates: Notes Payable [U09]

• Notes Payable [U09]

  • Introduction
    
    
  • New Notes Payable [U0901]
    • Book Note
    • Remove Note
      
      
  • Notes Payable Payment [U0902]
    • Payment
    • Payment Reversal
      
      
  • Notes Payable Payoff [U0903]
    • Payoff
    • Payoff Reversal
      
      
  • Principal and Schedule Adjustment [U0904]
    
    
  • Notes Payable Accrual [U0905]
    • Accrual
    • Accrual Reversal

Updates: External Data Sets [U10]

• Insurance Tracking [U1002]
  
  
• General Ledger Interface [U1003]

Collection Tracking [U11]

• Collection Tracking [U1101]

  • Introduction
    
  • Collection Account Assignment
  • Collection Tracking Menu
    
  • Lessee Summary
  • Lease Selection
    
  • Lease Summary
    
  • Alternate Lease Summary
    
  • Work Schedule
    
  • Repo Request
    
    
    

• Collection Tracking [U11]: Setup

  • User Reassignment [U1111]
    
  • Module Customizations [U1121MO]
  • Portfolio Customizations [U1122]
    
  • User Profile [U1131]
    
  • Weight Table [U1141]
  • Collection Status Defaults [U1151]

Collateral Tracking [U12]

• Collateral [U12]
  

  • Collateral Tracking [U1201]
    • Collateral Menu
    • Work Schedule
    • Asset Summary
      
  • Reassignment [U1211]
    
  • Module Customizations [U1221MO]
    
  • Portfolio Customizations [U1222]
    
  • User Profile [U1231]

Insurance Tracking [U13]

• Insurance [U13]
  

  • Insurance Tracking [U1301]
    • Insurance Menu
    • Work Schedule
      
  • Reassignment [U1311]
    
  • Module Customizations [U1321MO]
    
  • Portfolio Customizations [U1322]
    
  • User Profile [U1331]

Maturing Lease Tracking [U14]

• Maturing Lease [U14]
  

  • Maturing Lease Tracking [U1401]
    • Maturing Lease Menu
    • Work Schedule
    • Lease Summary
      
  • Reassignment [U1411]
    
  • Module Customizations [U1421MO]
    
  • Portfolio Customizations [U1422]
    
  • User Profile [U1431]

Updates: Capital Cost Allowance [U15]

• Capital Cost Allowance [U15]
  

  • CCA Accrual/Reversal [U1501]
    
  • CCA Adjustment [U1502]
    
  • CCA Projection [U1503]

Customer Service Tracking [U16]

• Customer Service [U16]

  • Introduction
  • Work Schedule
  • Lease Summary
    
  • Alternate Lease Summary
    
    • Customer Summary
      
      
  • User Profile [U1631]

Recovery Tracking [U17]

• Recovery [U17]

  • Introduction
    
    
  • Recovery Tracking Menu
    
    • Customer Summary
      
    • Deficiency
      
    • Lease Summary
      
    • Legal/Agency Status
      
    • Repo Account Status
      
    • Repo Assignment
      
    • Vehicle
      
    • Work Schedule
      
      
  • Recovery Tracking Setup
    
    • Module Customizations [U1721MO]
      
    • User Profile [U1731]

Reports: Strategic Management [R01]

• New Lease Earnings [R0101]
  
  
• Account Balances [R0103]
  
  
• Portfolio Status [R0104]
  
  
• Book Gain/Loss [R0108]
  
  
• Model Amortization [R0109]
  
  
• Portfolio Profile [R0110]
  
  
• Funding Schedule [R0111]
  
  
• Forecasting [R0112]
  
  
• Lease Discounting Approval [R0113]
  
  
• PAP Projection [R0114]
  
  
• Book Gain/Loss Reconciliation [R0115]

Reports: Operational Management [R02]

• Operator’s Status Review [R0202]
  
  
• Suspense Review [R0203]
  
  
• Salesperson Commission [R0204]
  
  
• Cashier’s Check Listing [R0205]
  
  
• Investor Settlement Listing [R0206]
  
  
• Reversal Suspense Review [R0207]

Reports: Controller's Tax [R03]

• Taxable Income [R0301]
  
  
• Investment Tax Credit Listing [R0302]
  
  
• Investment Tax Credit Review [R0303]
  
  
• Tax Depreciation [R0304]
  
  
• Property Tax Assessor [R0305] 
  
  
• Federal Highway Use Tax [R0306]
  
  
• Energy Tax Credit Listing [R0307]
  
  
• Energy Tax Credit Review [R0308]
  
  
• Titling Tax [R0309]
  
  
• Tax Timing Differences [R0310]
  
  
• Tax Gain/Loss [R0311]
  
  
• Adjusted Current Earnings (ACE) [R0312]

Reports: Audit Control [R04]

• Session Balance [R0401]
  
  
• General Ledger Reconciliation [R0403]
  
  
• Accounts Receivable Balancing [R0404]
  
  
• Daily Transaction Journal [R0405]
  
  
• General Ledger Entries Listing [R0406]
  
  
• Income Receivable Balancing [R0407]
  
  
• Accounts Payable Balancing [R0408]
  
  
• Rental Income [R0409]
  
  
• Historical General Ledger [R0410]
  
  
• Cash Receipts Journal [R0411]
  
  
• Waiver Report [R0412]
  
  
• Non-Monetary Archive [R0413]
  
  
• Batch Payment Report Viewer [R0415]
  
  
• Batch Payoff Report Viewer [R0416]

Reports: Application [R05]

• Application Activity [R0501]
  
  
• Application Inquiry [R0502]
  
  
• Turnaround Timing [R0503]
  
  
• Individual Turnaround [R0504]
  
  
• Expired Approvals [R0505]
  
  
• Credit Approval [R0506]
  
  
• Monthly Application Summary [R0507]

Collection/Delinquency [R06]

• Delinquency [R0601]
  
  
• Suspended/Non-Accrual Leases [R0602]
  
  
• Vendor Delinquency [R0603]
  
  
• Vendor Accounts Receivable Aging [R0604]
  
  
• Accounts Receivable Aging [R0606]
  
  
• Assessments Receivable Aging [R0607]
  
  
• Unexercised Purchase Options [R0608]
  
  
• Suspended Earnings [R0609]

Reports: Investor [R07]

• Investor Income Participation [R0701]

Reports: Vendor [R08]

• Vendor Income Participation [R0801]
  
  
• Vendor Advice of Maturing Leases [R0802]
  
  
• Vendor Mailing Labels [R0803]
  
  
• Vendor Inquiry [R0804]
  
  
• Vendor Payment Participation [R0805]

Reports: Operational [R09]

• Trial Balance [R0901]
  
  
• Lease Inventory [R0902]
  
  
• Certificate Of Ownership [R0903]
  
  
• Insurance Follow-Up [R0904]
  
  
• Lease Inquiry [R0905]
  
  
• Short Name Inquiry [R0906]
  
  
• Serial Number Inquiry [R0907]
  
  
• Account Payment History [R0909]
  
  
• License Number [R0910]
  
  
• Projected Maturing Leases [R0911]
  
  
• Paid Off Lease [R0912]
  
  
• Maturing Lease Mailing Labels [R0913]
  
  
• Customer/Group Inventory [R0914]
  
  
• Location Listing [R0915]
  
  
• Asset Description Listing [R0916]
  
  
• Chart of General Ledger Accounts [R0917]
  
  
• Names Listing [R0918]
  
  
• Auxiliary Address Listing [R0919]
  
  
• Lessee Address Listing/Labels [R0920]
  
  
• Month-to-Month Leases [R0921]
  
  
• Notebook Report [R0922]
  
  
• Automatic Lease Extension Listing [R0923]
  
  
• Security Inquiry Report [R0924]
  
  
• Cash Control Payment History Report [R0926]

Reports: Asset [R10]

• Off Lease Inventory [R1001]
  
  
• Asset Status Movement [R1002]
  
  
• Asset Movement History [R1003]
  
  
• Asset Location [R1005]
  
  
• Purchase Order Number [R1006]

Reports: Loan [R11]

• Loan Inventory [R1101]
  
  
• Cash Flow [R1102]
  
  
• Equity [R1103]
  
  
• Asset/Loan [R1104]
  
  
• Lender Settlement [R1105]

Reports: Notes Payable [R12]

• Notes Payable Inquiry [R1201]
  
  
• Lender Booking Rates [R1202]
  
  
• Net Investment [R1203]
  
  
• Net Income [R1204]
  
  
• Notes Transaction Journal [R1205]

Reports: Capital Cost Allowance [R13]

• CCA Status [R1301]
  
  
• CCA Listing EOY [R1302]