Client Billing [U0135]

Overview

The Client Billing module [U0135] is a separate accounting module that works independent of other LeasePak modules. The function of Client Billing module is to assess charges and payments for individual clients. The term "client" here refers to the stakeholders that are, or may be involved in a lease/loan cycle. These stakeholders include; Customer, Lessee or Co-lessee, Investor, Broker and Vendor. The current release of the Client Billing module in LeasePak only provides support for Lessee.

The purpose of Client Billing module is to record and track charges assessed to a client irrespective of their lease/loan. This may be the result of a business need to have a separate record maintained for any charges, fees or payments that are not a part of the main lease/loan stream, but which need to be recorded for future references. There will be no sales/use tax applicable on these assessments.

Support for other LeasePak modules

• Client Billing module does not provide support for Cash Control.
• The assessments created through this module will not be trackable using the Collections module.
• LeasePak will generate no invoice scratch file for client based assessments.
• None of the other existing LeasePak reports will reflect client-based assessments and payments except for the General Ledger Reconciliation [R0403], Master General Ledger Reconciliation [U0460] and General Ledger Interface [U1003] reports.

New General Ledger Accounts

This module adds the following new client-based accounts to the General Ledger.

General Ledger accounts added by the Client Billing module.

GL Account Number	GL Account Name*
1301	Client assessment receivables 01
6303	Client assessment income 01
1302	Client assessed fees 01
1304	Client assessment receivables 02
6306	Client assessment income 02
1305	Client assessed fees 02
1307	Client assessment receivables 03
6309	Client assessment income 03
1308	Client assessed fees 03

*Users can modify the default General Ledger account names using the Office G/L Change [U0716] update.

Related Documents and Topics

• Client Billing updates
  • Cilent Billing [U0135]: Assessment
  • Cilent Billing [U0135]: Assessment Wavier
  • Cilent Billing [U0135]: Payment
  • Cilent Billing [U0135]: Payment Reversal
• Client Billing reports
  • Client A/R Balancing [R0417]
  • Client Payment History [R0418]
  • Client Transaction Journal Report [R0419]
• Lessee [U0203]
• Portfolio [U0212]: Assessment Customizations

LeasePak 6.2a Documentation Suite

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