Release Notes LeasePak Basics Reference Updates End of Period Reports Other

Reference Guide

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LeasePak  Release Notes (PDF)

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LeasePak Basics

• Introduction
• Signing On,
  Changing Your Password,
  Exiting LeasePak
• Navigating LeasePak
• Entering Data
• Running Reports

 

Accrual

Lease/Loan Accrual Methods

• Introduction

• Precomputed Accrual Methods
  • Introduction
  • Level Yield
  • Rule of 12/78ths
  • Rule of 12/78ths Half-Month Convention
  • Straight Line

• Simple Accrual Methods
  • Introduction
  • Precomputed Simple Interest
  • Floating Simple Interest
  • Interest Bearing Loans

• Residual Methods

• Operating Accrual Methods
  • Introduction
  • Straight Line
  • Payments
  • Variable Rate

 

Non-Lease Accruals

• ITC Accrual

• Notes Payable Accrual
  • Introduction
  • Day Calculations
  • Interest Accrual
  • Principal and Interest (P&I)
  • Principal plus Interest (P+I)
  • Interest Only

 

Calculations

• Late Charges

• Payoff Methods

• Initial Direct Costs/Revenues
• Net Present Value
• Internal Rate of Return
• Yield
• IRR with Residual
• IRR without Residual
• Check Digit

• Miscellaneous Calculations
  • Introduction
  • Bad Debt
  • Net Investment
  • Unearned Income
  • Capitalized Cost
  • Monthly Rental Income
  • Monthly Rental Depreciation
  • Contract Rate
  • Starting Accrued Principal

 

Depreciation

• 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

 

General Ledger Accounting

• LeasePak Accounting
• Chart of Accounts
• Transaction Processing
• Reconciliation Procedures

 

Key Structure

• LeasePak Keys
• Accounting Unit Hierarchy
• Client Relationships

 

Status Codes

• LeasePak Status Codes
• Lease Status Codes
• Asset Status Codes
• User Defined Statuses

 

Tax Considerations

• Introduction
• Investment Tax Credit (ITC)
• Alternative Minimum Tax (AMT)
• Adjusted Current Earnings (ACE)

 

Other Reference Documents

• Documentation Suite Reference (PDF)
• LeasePak Utilities
• Maximum Array Sizes
• Menu Structure
• Module Listing
• Release Notes Archive (PDF)

 

Daily Work [U01]

New Lease [U0101]

• Introduction
• Add Asset
• Batch Applications
• Book Lease
• Delete Asset
• Disburse Check
• Quick Add Asset
• Quick Book Lease
• Remove Lease
• Reverse Check

 

Payments [U0102]

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

 

Payoff [U0103]

• Introduction
• Partial Asset Payoff
• Partial Asset Payoff Reversal
• Payoff
• Payoff Reversal
• Sale of Asset in Inventory
• Termination
• Termination Reversal

 

Payment Reschedule [U0104]

 

Assessment [U0105]

• Introduction
• Assessment
• Assessment Waiver

 

Group Property Tax Assessment [U0106]

 

Payment Extension [U0107]

• Introduction
• Payment Extension
• Payment Extension Reversal

 

Lease Extension [U0108]

• Introduction
• Automatic Lease Extension
• Lease Extension
• Lease Extension Reversal

 

Suspense [U0109]

• Introduction
• Add Suspense
• Change Suspense
• Clear Suspense via Cashier's Check
• Clear Suspense via G/L Account

 

Cashier's Check [U0110]

• Introduction
• Add Cashier's Check
• Change Cashier's Check
• Delete Cashier's Check

 

Session [U0111]

• Introduction
• Add/Change Session
• Delete Session

 

Split/Merge Qty Asset [U0112]

• Introduction
• 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]

• Introduction
• Payment Due Day Change
• Due Day Change Reversal

 

Property Tax/FHUT Payable [U0119]

 

Change Asset [U0120]

• Introduction
• 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]

• Introduction
• Principal Write-Down
• Principal Write-Down Reversal
• Principal Write-Up
• Principal Write-Up Reversal

 

Cash Control [U0126]

 

Reversal Suspense [U0127]

• Introduction
• 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]

Assess Meter Charge [U0131]

Reverse Meter Charge [U0132]

 

 

Updates: Maintenance [U02]

LeasePak Client [U02 various]

• Introduction
• Add a LeasePak Client
• Client Search
• Change/Delete a LeasePak Client

 

Vendor [U0201]

Master Financial [U0202]

Lessee [U0203]

Demographic [U0204]

Customer [U0205]

 

Office [U0206]

• Introduction
• Add/Change Office
• Delete Office

 

Region [U0207]

• Introduction
• Add/Change Region
• Delete Region

 

Company [U0208]

• Introduction
• Add/Change Company
• Delete Company

 

Group [U0209]

• Introduction
• Add/Change/Add a Lease to Group
• Delete Group
• Delete a Lease from Group

 

Asset [U0210]

 

Loan [U0211]

• Introduction
• Add Loan
• Change Loan
• Delete Loan

 

Portfolio [U0212]

• Introduction
• 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]

• Introduction
• Add a Lessee to a Customer
• Remove a Lessee from a Customer

 

Broker [U0219]

Lender [U0220]

 

Investor Group [U0221]

• Introduction
• Add/Change Investor Group
• Delete Investor Group

 

Tax Entity [U0224]

• Introduction
• Add/Change Tax Entity
• Delete Tax Entity

 

IDC/IDR Adjustments [U0225]

Dealer Statement Adjustments [U0226]

Miscellaneous Billing Info [U0227]

User Defined Client [U0229]

Multi Asset Maintenance [U0230]

Asset Meter Maintenance [U0231]

 

 

Updates: Predefined Cycle [U03]

Cycle Accruals [U0301]

• Introduction
• 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

• Introduction
• 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

• ALI Insurance Data Export [U0438]
• Application/RAP Clean-Up [U0453]
• Assumed Payments [U0414]
• Auto Apply Suspense for IBL [U0420]
• Auto Security Deposit Suspense Disbursal [U0436]
• Automatic Charge Off [U0440]
• Automatic Desecuritization [U0435]
• Automatic Lease Extension [U0430]
• Automatic Suspended Earnings [U0439]

• Batch Assessments [U0418]
• Batch Escrow Disbursement [U0409]
• Batch Meter [U0448]
• 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 Metro2 Format [U0462]
• Credit Bureau Extract Metro2 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]

• Introduction
• 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]

• Introduction
• Add Location
• Change Location
• Delete Location

 

Salesperson [U0702]

• Introduction
• Add Salesperson
• Change Salesperson
• Delete Salesperson

 

CCA Class [U0703]

 

Auxiliary Address [U0704]

• Add/Change
• Introduction
• Collection Agency
• Credit Bureau
• Legal Firm
• Remittance Address
• Regional Codes

• Delete Auxiliary Address

 

Base Rates [U0705]

• Introduction
• Add Financial Institution Base Rates
• Change/Update All Base Rates For Financial Institution(s)
• Delete Financial Institution Base Rates

 

Security [U0706]

• Introduction
• Add/Change Security
• Delete Security

 

Approval Officer [U0707]

Financial Institution Name [U0708]

Activity/Bankruptcy Status [U0709]

 

Asset Description [U0710]

• Introduction
• Add Manufacturer
• Change/Delete Manufacturer
• Add Model
• Change/Delete Model

 

Custom General [U0712]

• Introduction
• Account Customizations
• Device and Printer Customizations
• End of Period Customizations
• Field Customizations
• Miscellaneous Customizations

 

State [U0713]

• Introduction
• Add/Change State
• Delete State

 

Federal Highway Use Tax (FHUT)[U0714]

• Introduction
• Add/Change FHUT
• Delete FHUT

 

Office G/L Change [U0716]

Weekend and Holiday Assignment [U0720]

 

Lease Form [U0721]

• Introduction
• Add/Change Lease Form
• Delete Lease Form

 

Custom Code [U0722]

• Introduction
• Add Custom Code Category
• Custom Code Category Listing
• Add Custom Code
• Change Custom Code
• Delete Custom Code

 

Transfer Price Rate [U0723]

Team [U0724]

 

Sales Tax On Assessments [U0725]

• Introduction
• Add/Change Sales Tax on Assessments
• Delete Sales Tax on Assessments

 

Time Zone [U0726]

• Information
• Add/Change Time Zone
• Delete Time Zone Information

 

Custom Edit Check Codes [U0727]

• Introduction
• Add Edit Check Codes
• Change Edit Check Codes
• Delete Edit Check Codes

 

Queue [U0728]

• Introduction
• Add/Change Queue
• Delete Queue

 

Agency [U0729]

• Introduction
• Add/Change Agency
• Delete Agency

 

Depreciation [U0730]

• Introduction
• Add/Change Depreciation
• Delete Depreciation

 

Metro2 Setup [U0733]

 

 

Updates: Application [U08]

Application Tracking [U0801]

• Table of Contents
• 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
• Application Asset Tabs

• Batch Book Requirements

• Drawdown Tracking

 

Application Tracking Setup [U08 various]

• Table of Contents
• 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]
• Application User Profile [U0831]

 

 

Updates: Notes Payable [U09]

Introduction

 

New Notes Payable [U0901]

• Introduction
• Book Note
• Remove Note

 

Notes Payable Payment [U0902]

• Introduction
• Payment
• Payment Reversal

 

Notes Payable Payoff [U0903]

• Introduction
• Payoff
• Payoff Reversal

 

Principal and Schedule Adjustment [U0904]

 

Notes Payable Accrual [U0905]

• Introduction
• Accrual
• Accrual Reversal

 

 

Updates: External Data Sets [U10]

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

 

 

Updates: Collection [U11]

Collection Tracking [U1101]

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

 

Collection Tracking Setup [U11 various]

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

 

 

Updates: Collateral [U12]

Collateral Tracking [U1201]

• Introduction
• Collateral Tracking
• Collateral Menu
• Work Schedule
• Asset Summary

 

Collateral Tracking Setup [U12 various]

• Reassignment [U1211]
• Module Customizations [U1221MO]
• Portfolio Customizations [U1222]
• Collateral User Profile [U1231]

 

 

Updates: Insurance [U13]

Insurance Tracking [U1301]

• Introduction
• Insurance Tracking
• Insurance Menu
• Work Schedule

 

Insurance Tracking Setup [U13 various]

• Reassignment [U1311]
• Module Customizations [U1321MO]
• Portfolio Customizations [U1322]
• Insurance User Profile [U1331]

 

 

Updates: Maturing Lease [U14]

Maturing Lease Tracking [U1401]

• Introduction
• Maturing Lease Tracking
• Maturing Lease Menu
• Work Schedule
• Lease Summary

 

Maturing Lease Tracking Setup [U14 various]

• Reassignment [U1411]
• Module Customizations [U1421MO]
• Portfolio Customizations [U1422]
• Maturing Lease User Profile [U1431]

 

 

Updates: Capital Cost Allowance [U15]

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

 

 

Updates: Customer Service [U16]

Customer Service Tracking [U1601]

• Table of Contents
• Introduction
• Work Schedule
• Lease Summary
  • Included Payoff Calculations
• Alternate Lease Summary
• Customer Summary

 

Customer Service User Profile [U1631]

 

 

Updates: Recovery [U17]

Recovery Tracking [U1701]

• Table of Contents
• Introduction
• Recovery Tracking Menu
• Customer Summary
• Deficiency
• Lease Summary
• Legal/Agency Status
• Repo Account Status
• Repo Assignment
• Vehicle
• Work Schedule

 

Recovery Tracking Setup [U17 various]

• Tracking Setup
• Module Customizations [U1721MO]
• Recovery User Profile [U1731]

 

 

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]
• Meter Transaction Journal [R0925]
• 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]

 

 

Other LeasePak Modules and Functions

• Asset Search
• Client Search
• Credit Bureau (interface to MicroBilt)
• Credit Bureau Extract (Metro2)
• Document Generation
• dx Generation
• High Volume/Split EOP
• Import Pricing Tool (interface to SuperTrump)

 

LeasePak  Reference Guide

©  by McCue Systems Incorporated. All rights reserved.

The information contained in this document is the property of McCue Systems, Inc. Use of the information contained herein is restricted. Conditions of use are subject to change without notice. McCue Systems, Inc. assumes no liability for any inaccuracy that may appear in this document; the contents of this document do not constitute a promise or warranty. The software described in this document is furnished under license and may be used or copied only in accordance with the terms of said license. Unauthorized use, alteration, or reproduction of this document without the written consent of McCue Systems, Inc. is prohibited.