LeasePak Modules
Descriptions of the various software modules available in LeasePak, in default order as the modules appear in the
lpadriver.exe /ver license contents output.
The list below will most likely contain more modules than are available in your LeasePak license. If you are interested in learning more about a module not currently in your license, follow the links listed for that module or contact your NetSol representative.
Base System Modules
List of modules that, as of LeasePak Verison 6.0b, are part of base system functionality. Some of these have also been part of base system functionality in previous LeasePak versions. Contact your NetSol representative for more information.
- Advanced Cloning
- Application Tracking
- Batch Payments
- Client Server: Provides the basis for the standard LeasePak client/server configuration.
- Disburse Upfront Sales Tax
- Extended Applications: Provides lease application functionality. Part of Application Tracking.
- JULE Fund 1998 - Change Password
- Lease Extension
- Lease Extension Reversal
- Multi Portfolio Processing
- Name Assessments
- Property Tax Description
- Reverse Payable
- Sales Tax on Assessment
- UDF Toolbar
- Unix: Provides the basis for the standard LeasePak Unix/Linux platform.
- User Defined Fields/Tables
Single Modules
List of modules that, as of LeasePak Verison 6.0b, are separate optional modules in LeasePak. Some of these have been part of base system functionality in previous LeasePak versions and may already be part of your LeasePak license. Contact your NetSol representative for more information.
- Accrual Base Recurring Charges
- ActiveX Data Transceiver
- Additional Depreciation Fields
- ADFS Authentication
- Alternate Accrual/Billing Cycles
- Asset Focus
- Automated Lease Doc
- Batch Assessments
- Client Based Billing
- Collateral
- Cost Per Use
- Credit Scoring - MicroBilt
- Customer Service
- EOP Suite
- Extended Asset
- Extended Recurring Charges
- File Attachments
- Forecasting
- General Ledger
- General Ledger Pool
- High Volume
- Insurance Tracking
- JULE Fund 1993
- JULE Fund 1994
- JULE Fund 1995
- JULE Fund 1996
- JULE Fund 1997
- JULE Fund 1999
- JULE Fund 2000
- JULE Fund 2001
- JULE Fund 2002-2003
- Lease Discounting
- LeasePak EC
- Leveraged Leasing
- Like-Kind Exchange
- Relationship Tree
- Loan Accounting
- Mature Lease Tracking
- Multiple Banks
- Multi Portfolio Security
- Notes Payable
- Off-Lease Billing
- Operating Leases
- PAP/Preauthorize Pmts
- Partial Deductions
- Prorate Income
- Table Based Depreciation
- T-Value/Pricing
- Unix Drawdown
- VAT Tax
- Vendor ACH
- Vertex Interface (L Series)
- Vertex® Indirect Tax O Series
- Vervent Custom Modules
- XML Pricing/SuperTRUMP
- Batch General Ledger Adjustment
- Batch Sale of Asset
- Security Role
Bundled Modules
List of modules that, as of LeasePak Verison 6.0b, are available in bundled groups. Some of these may already be part of your LeasePak license. Contact your NetSol representative for more information.
- Auto Charge Off/Suspended Earnings
- Collections
- mPower Suite
- AcquireIT: Provides a Microsoft Excel front end to the LinkIT - API module. Part of the mPower Suite.
- ChannelIT
- DocIT
- LinkIT - API
Multiple Dependencies
List of modules that can only be purchased if the user also purchases or already has the specified additional required modules. Contact your NetSol representative for more information.
-
ALI Interface
- Batch Assessments
-
Batch Applications
- Partial Deductions
-
Batch Payoff
- Loan Accounting
-
Cash Control
- JULE Fund 1994
- Multiple Banks
- Partial Deductions
-
Commercial Loan Module
- Loan Accounting
-
Credit Bureau Export - Metro2
- Cash Control
- Vehicle Finance
-
Operating Leases - Floating
- Operating Leases
-
Recurring Charge Payment Schedule
- Extended Recurring Charges
-
Recovery Tracking
- Collections
- Vehicle Finance
-
Vehicle Finance
- Multiple Banks
- Partial Deductions
- Enhanced IDC/IDR
- Shared User
Generating LeasePak License Contents
To view your license contents:
- Log on the server as any user with access to your LeasePak environment directory
- execute the command cd opt/msi//env/environment/exe
(where environment is your LeasePak environment) - execute the command lpadriver.exe /ver
To see a generalized sample of the output, click here.
Module Descriptions
Descriptions of the various software modules available in LeasePak, in default order as the modules appear in the
lpadriver.exe /ver license contents output.
- Advanced Cloning
-
Base II
Allows the user to create a new LeasePak Client (Broker, Customer, Guarantor, Investor, Lender, Lessee, Vendor) using information from an existing LeasePak Client.
- Lease Extension
-
Base II
Also known as Lease Extension [U0108]
Give the user the ability to extend or renew a Lease, either for a fixed term or on a month-to-month basis. The user has the option to change the Accrual Method, Contract Receivable, Residual, Unearned Income, Payment Schedule, and other components for the extension/renewal period. This module also includes Automatic Lease Extension, which allows the user to set up an end-of-term extension as soon as the Lease is booked in LeasePak, eliminating interruptions in billing from the original to extended term.
- Lease Extension Reversal
-
Base III
Also known as Lease Extension Reversals, Lease Extension [U0108]: Lease Extension Reversal
Allows the user to reverse the extension of an extended or renewed Lease.
- Sales Tax On Assessment
-
Base IV
Also known as Sales Tax on Assessments [U0725]
Allows the user to assign sales tax to LeasePak Assessments (and Recurring Charges) on a state-by-state and assessment-by-assessment basis, setting up sales tax on Assessments according to each state's rules.
- Quick Book
-
Base V
Also known as Quick Book Lease (New Lease [U0101])
Allows the user to take a completed and approved LeasePak Application (established through Application Tracking [U08]) and book it into LeasePak using a minimum number of LeasePak screens. This module also separates security access to Application Tracking from access to New Lease [U0101] without requiring the re-entry of data from Application to Lease.
- Disburse Upfront Sales Tax
-
Base VI
Gives LeasePak the ability to disburse upfront sales tax (that the user has previously assigned to an Asset) as part of Use Tax Disbursal [U0449] End of Period (End of Month) processing.
- Property Tax Description
-
Base VI
Allows the user to add a description code when assessing Property Tax (PPT) or Federal Highway Use Tax (FHUT) to an Asset through Assessment [U0105] or Group Property Tax Assessment [U0106], and have the description associated with the code appear on all PPT and FHUT reports. The user can establish and maintain Property Tax Description (category PPT.CD) codes through Custom Code [U0722].
- Reverse Payable
-
Base VI
Also known as Reverse Check (New Lease [U0101])
Allows the user to reverse a Vendor, Broker, or other check (and its corresponding Accounts Payable) for a booked lease.
- UDF Toolbar
-
Base VI
Also known as User Defined Toolbar
Allows the user to display and customize a LeasePak toolbar for shortcuts to frequently used updates and reports. Toolbars can be unique to each installation of the LeasePak client software, reflecting the different needs of individual users.
- Enhanced Payments
-
JULE 1993, Also known as Enhanced Payments (Payments [U0102])
Gives the user a list of all open invoices on which to make payments, either for the selected Customer/Group or selected lease. The user can make partial or full payments on any of the listed invoices. At the lease level (but not at the Customer/Group level), the user can also apply any overpayment towards prepaying a future invoice or place the amount in Suspense. Enhanced Payments is not available for interest bearing loans (IBLs).
- IBL Write-Up/Write-Down
-
JULE 1993, Also known as IBL Principal Adjustment [U0125]
Gives the user the ability to adjust the principal amount (increase or decrease) of an interest bearing loan (IBL) throughout the life of the loan. LeasePak creates appropriate general ledger transactions as a result of the write-up or write-down. If the loan principal is written down to zero (0), billing stops, but the loan remains in active status.
- Retain Invoice Number During Change Key
-
JULE 1993,
Allows LeasePak to retain the numbers of invoices reversed during Change Lease Key [U0114] (if any). Otherwise, LeasePak will assign new invoice numbers to the change-keyed lease during reaccrual.
- Transit Tax
-
JULE 1993,
Allows the user to set up a and additional tax jurisdiction below the state/county/city level for special transit, school, or other district jurisdictions. LeasePak disburses and reports on this jurisdiction through the End of Period Use Tax Disbursal [U0449] update.
- Advanced Invoicing
-
JULE 1994,
Allows LeasePak to generate an invoice up to 120 days before the due date. Advanced invoices do not generate general ledger transactions until actual accrual occurs (one month prior to the due date or less, depending on accrual deferral settings). Users cannot place assessments on advanced invoices. LeasePak applies any payment received prior to accrual as a prepayment. Users can establish a number of days for advanced invoicing as part of the Lease Form [U0721].
- Delayed First Payment
-
JULE 1994, Also known as Lease Date Affects Yield
Adds the switch Lease Date Affects Yield to Portfolio [U0212]: New Lease Customizations that determines whether LeasePak uses the Lease Date or the Commencement Date as the beginning of the initial accrual period of leases billed monthly in arrears. This affects the yield calculation, but not invoicing the lessee.
- Disburse Commission Check to Vendors
-
JULE 1994,
Adds the disbursement type 'COMV', allowing the user to disburse some or all of the commission (Broker Fee) to the Vendor attached to the lease, rather than the Broker.
- IBL Batch Payments
-
JULE 1994,
Requires the Batch Payment Processing module, the Loan Accounting module, and, for interactive Batch Payments [U0305], the Interactive Batch Payments module. Gives LeasePak the ability to process payments to interest bearing loans (IBLs) using either the interactive Batch Payments [U0305] or the End of Period Batch Payments [U0415]. LeasePak makes interest adjustments to reflect early or late payments, but does not support overpayments or principal paydowns (or interest adjustments resulting from these). Preauthorized payments (PAP) on IBLs cannot be processed through interactive Batch Payments [U0305].
- Interactive Batch Payments
-
JULE 1994,
Requires the Batch Payment Processing module. Adds interactive Batch Payments [U0305], allowing users to process batch payments interactively, as opposed to only through the End of Period module Batch Payments [U0415].
- Enhanced Payments Hierarchy
-
JULE 1995,
Allows LeasePak to use the payment hierarchy established in Portfolio [U0212]: Assessment Customizations when first allocating payment application in the Payments [u0102]: Enhanced Payments. Payment is applied to the oldest invoice first using the payment hierarchy. The user can change the allocation manually before committing the payment application.
- Master G/L Reconciliation
-
JULE 1995, Also known as Master G/L Reconciliation [U0460]
Provides reconciliation for an extended number of LeasePak general ledger accounts. In the first part of the report (U0460A), LeasePak displays accounts where the general ledger balance does not match detail record totals. In the second part of the report (U0460B), LeasePak shows individual out-of-balance lease transactions. This is an End of Period module, and the user must set it to run through Portfolio [U0212]: End of Period Customizations.
- Add Comment to Transaction Record
-
JULE 1996,
Gives the user the ability to add comments to general ledger transactions within the Payments [U0102], General Ledger Adjustment [U0121], and IBL Principal Adjustment [U0125] updates. Users can view transaction comments in the Daily Transaction Journal [R0405], Cash Receipts Journal [R0411], and Account Payment History [R0909] reports.
- Alternate Asset Tax/Depreciation Basis
-
JULE 1996,
Provides two fields, Tax Depreciation Basis and Property Tax Basis, in which the user can specify tax bases for an asset other than the acquisition cost.
- Batch Enhanced Payments
-
JULE 1996,
Adds a base system component (separate from the JULE Fund enhancement) that adds Priority settings to LeasePak's Enhanced Payments default payment hierarchy setup, as well as a component specific to the JULE fund that allows the user to determine whether settings apply to both Enhanced and Batch Payments or to Batch Payments only using the Apply Pmts Past Due/Priority switch in Portfolio [U0212]: Assessment Customizations.
- Default Display of Payment Amount
-
JULE 1996,
Provides the switch Default Display of Payment Amount in Portfolio [U0212]: Miscellaneous Customizations that determines whether LeasePak displays and uses the default 'Total Amount' and 'Amt to Apply' on Payments [U0102]: Enhanced Payments and Payments updates or leaves these blank and allows the user to enter the 'Total Amount' and 'Amt to Apply'.
- Ten New Lease Status Codes
-
JULE 1996,
Adds ten new lease status codes for the user to initialize and define through the Activity Status/Substatus [U0709] update. Includes four suspended earnings, two charge-off, two payoff, and two 'Prior Active' codes.
- Exclude Unguaranteed Residual for Payoff Quote
-
JULE 1997, Also known as Exclude Unguaranteed Residual Amount (Payoff Quote [U0213] field)
Provides the switch Exclude Unguaranteed Residual Amount on the Payoff Quote [U0213] update that allows the user to exclude the unguaranteed portion of the residual from the payoff quote when using the payoff method 'NPV'.
- GL Lessor Income Totals
-
JULE 1997, Also known as GL Lessor Income [U0446]
Adds a new End of Period module, GL Lessor Income [U0446], that uses Sequential Updates [U0411] to read through records in the Monthly Transaction (rtx) table and update new general ledger income month-to-date, year-to-date, and life-to-date fields on the Lease Inquiry [R0905] report.
- Notification to Reverse Late Charges
-
JULE 1997,
Provides the user with a warning in Payments [U0102]: Enhanced Payments and Payments updates when outstanding late charges must be reversed for a lease when a payment is being made to a lease that is back-dated before the grace period. This functionality is based on the effective date entered in the Payments [U0102]: Enhanced Payments and Payments updates.
- Prior Year To Date Lease History
-
JULE 1997,
Allows LeasePak to track prior year-to-date information for selected lease fields. Through End of Year (End of Period), LeasePak will transfer the data from the Lease (rls) table to the new Lease Year To Date History (rhy) table. Asset and Notes Payable YTD data will not be saved.
- Service Date Crosses Tax Year
-
JULE 1997,
Warns the user when the In-Service Date of the new or cloned asset crosses a previous tax year boundary. This message is informational only and will appear when the asset is being added through the New Lease [U0101]: Add Asset or Application Tracking [U08]: Assets updates in LeasePak.
- Change Password
-
JULE 1998,
Base VI
Also known as Change Password (LeasePak Options menu)
Gives users the ability to change their LeasePak client string passwords through the LeasePak client software. Administrators can also grant specific users the ability to change others' passwords through the Security [U0706] update. When a user changes the LeasePak client string password, the program also changes the OS server and DBMS passwords accordingly.
- Advanced Invoicing for Auto Lease Extension
-
JULE 1999,
Provides a switch in Lease Extension [U0108]: Automatic Lease Extension allowing the user to select Advanced Invoicing for the automatic renewal.
- Data Entry Requirements
-
JULE 1999, Also known as Data Entry Requirements (Application Tracking [U08])
Adds a the Application Tracking [U08] feature Data Entry Requirements, which validates Application fields by status, according to business requirements rules set up in a user-created stored procedure. For more information, contact your NetSol representative.
- Depreciation in Auto Lease Extension
-
JULE 1999,
Allows the user to change the Book Salvage (Book Salvage Value) and Bk Depr Method (Book Depreciation Method) at the time of lease renewal through both Lease Extension [U0108]: Automatic Lease Extension and Lease Extension updates. Users can change these values when extending a lease from operating to operating type or from finance to operating type. This enhancement is related to the module Off Lease Depreciation Methods.
- IBL Inquiry Report
-
JULE 1999, Also known as IBL Inquiry [R0927]
Adds the IBL Inquiry [R0927] report to LeasePak. This report includes a detail option to display all principal changes, interest changes, interest adjustments, mid-term adjustments, and invoice calculations for the selected interest bearing loan (IBL). In order to see the detail, the administrator must set the switch IBL Invoice Detail in Custom General [U0712]: Miscellaneous Customizations.
- Month End Accrual and Invoicing
-
JULE 1999, Also known as EOM Pre-Accrual and Invoicing (Portfolio [U0212]: End of Period Customizations field)
Adds the switch EOM Pre-Accrual and Invoicing in Portfolio [U0212]: End of Period Customizations, allowing the user to submit End of Month (End of Period) up to five days before the actual month end and still have LeasePak accrue and invoice for the full month's period.
- Off Lease Depreciation Methods
-
JULE 1999, Also known as Change Depreciation at Term (Portfolio [U0212]: Miscellaneous Customizations field)
Allows the user to change the book depreciation of all assets for a lease at the time of termination (where LeasePak will return the assets to inventory). The switch Change Depreciation at Term in Portfolio [U0212]: Miscellaneous Customizations controls this feature. LeasePak converts any finance assets on the lease to operating types before placing them in inventory. This enhancement is related to the module Depreciation in Auto Lease Extension.
Vehicle Finance: this enhancement does not work with the Vehicle Finance module.
- Suspense Accounting/Reporting Enhancements
-
JULE 1999,
Enhances the LeasePak Suspense function in several ways: the user can associate a suspense item with an application; selection criteria for both Suspense [U0109] and Suspense Review [U0203] include the Application Number and Lessee Number (and these now appear in the update and report); the user can partially clear a suspense item through Payments [U0102], Payoff [U0103], and New Lease [U0101]: Book Lease; and the new Suspense Item Report [U0208] displays changes made to suspense items.
- Reverse Sale of Asset from Inventory
-
JULE 1999, Also known as Sale of Asset in Inv Reversal (Payoff [U0103])
Gives the user the ability to reverse the sale of an asset out of inventory through the new update Payoff [U0103]: Sale of Asset in Inv Reversal. When the user reverses a sale, LeasePak reverses all general ledger transactions pertaining to the sale, recreates any suspense item cleared as part of the sale, and places the asset back in inventory. LeasePak cannot reverse the sale of an asset after the End of Period module Historical Payment UPD/RTX Cleanup removes the transaction records.
- Auto Payoff CSA Leases
-
JULE 2000, Also known as Auto Payoff CSA NMAT Leases [U0429]
Provides the ability to automatically pay off conditional sales agreement (CSA) type leases that are in normal matured (NMAT) status, have no unearned income (of any kind), and are paid in full. The administrator can control this function at the portfolio level through the Automatic Payoff of CSA NMAT Leases switch in Portfolio [U0212]: Payoff Customizations. With the function turned on, the Sequential Updates (End of Period) module Auto Payoff CSA NMAT Leases [U0429] processes each lease meeting the criteria as a normal payoff and produces two reports: Paid Off CSA Leases Exceptions [U0429A], which lists leases the module was unable to process, and Paid Off CSA Leases [U0429B], which lists processed leases.
- Check Disbursal Report
-
JULE 2000, Also known as Multi Asset Disbursal Report [R0209]
Provides a report for the End of Period Multi Asset Disbursal Report [R0209]. The report details information for all non-cashier's checks disbursed within LeasePak.Documentation for Multi Asset Disbursal Report [R0209] coming soon.
- Multi Asset Disbursal
-
JULE 2000,
Provides the ability to disburse checks for all assets tied to a lease. The user enters the lease number, disbursal type, bank code, and total amount to apply, and LeasePak displays a list of all assets with outstanding accounts payable for the lease. The user can modify how much to disburse for each asset. A new End of Period report Multi Asset Disbursal [R0209] lists detailed information for all non-cashier's check disbursals.
- Take Income on 'OPR' Payoff
-
JULE 2000, Also known as Take Income on 'OPR' Payoff of Suspended Operating Lease (Portfolio [U0212]: Payoff Customizations field)
Adds the switch Take Income on 'OPR' Payoff of Suspended Operating Lease to Portfolio [U0212]: Payoff Customizations. Use this to determine whether or not LeasePak recognizes income when paying off a suspended operating lease.
- Take Income on 'PRN' Payoff
-
JULE 2000, Also known as Take Income on 'PRN' Payoff of Suspended Simple Interest Lease (Portfolio [U0212]: Payoff Customizations field)
Adds the switch Take Income on 'PRN' Payoff of Suspended Simple Interest Lease to Portfolio [U0212]: Payoff Customizations. Use this to determine whether or not LeasePak recognizes income when paying off a suspended simple interest lease.
- Auto Assess NSF Fee
-
JULE 2001, Also known as Auto NSF Assmt Code (Portfolio [U0212]: Miscellaneous Customizations field)
Adds the field Auto NSF Assmt Code to Portfolio [U0212]: Miscellaneous Customizations. To automatically assess fees when a check or payment is reject for non-sufficient funds (NSF), the administrator must use this field to select one of LeasePak's existing non-recurring charge fees to use for NSF fees (Assumption, Collection, ITC, Legal, Lease Extension, Lease Re-Write, Other, or Payment Extension), change its name (recommended) through Portfolio [U0212]: Assessment Customizations, and set an amount for the fee using either the field Adm Fee-NSF or Adm Fee-NSF (percentage) in Lease Form [U0721]. Once set up, users can assess the fee through Payments [U0102]: Batch Number Payment Reversal or Payment Reversal, Payoff [U0103]: Payoff Reversal or Termination Reversal, Batch Payment Reversal [U0306] or End of Period Batch Payment Reversal [U0470] updates when processing reversals using the reason code 'NSF'.
- Portfolio [U0212]: Miscellaneous Customizations, Auto NSF Assmt Code (field)
- Portfolio [U0212]: Assessment Customizations
- Lease Form [U0721], additional information screen
- Payments [U0102]: Batch Number Payment Reversal
- Payments [U0102]: Payment Reversal
- Payoff [U0103]: Payoff Reversal
- Payoff [U0103]: Termination Reversal
- Batch Payment Reversal [U0306] (interactive)
- Batch Payment Reversal [U0470] (EOP)
- Historical Tax Rate Changes
-
JULE 2001, Also known as Historical Location (rho--LeasePak database table)
Creates a new LeasePak database table, Historical Location (rho), to track tax rate changes at the state, county, and city levels.
- Multi Asset STAX Waiver
-
JULE 2001, Also known as Multi Asset Tax Waiver (Assessment [U0105])
Adds the option Multi Asset Tax Waiver to Assessment [U0105], which allows a user to waive Sales/Use Tax and Property tax for some or all assets tied to a lease. This module is related to Off-Lease Billing.
- Multi Asset Maint. Update
-
JULE 2001, Also known as Multi Asset Maintenance [U0230]
Creates the Multi Asset Maintenance [U0230] updated, which allows users to simultaneously update information for some or all of the assets tied to a lease. Users can update the following fields: Address, City, County, State, Zip, Use Tax Code, Tax Type, Prop Tax Basis, Report Prop Tax, Allow Prop Tax, Title Filings.
- Off Lease Payment Labels
-
JULE 2001,
Adds two columns to Accounts Receivable Balancing [R0404], Type of Other and Other, that list off-lease billings for accounts having a 'P' or 'Q' type invoice status after a payoff or termination. This module is related to Off-Lease Billing.
- OPR Cash Basis Ext. Method
-
JULE 2001,
Allows the user to extend an operating lease on a cash basis through the Lease Extension [U0108]: Automatic Lease Extension and Lease Extension updates.
- Expanded User Defined Fields
-
JULE 2002-2003,
Increases each User Defined Fields category from 35 to 51 possible fields. Categories include asset, Customer, lease, application, Lessee, Vendor, and pending (application) asset. Administrators must set up the fields for each portfolio through Portfolio [U0212]: User Defined Fields/Tables before use.
- Multiple Base Rate Update
-
JULE 2002-2003, Also known as Multi Update Financial Institution (Base Rates [U0705])
Adds a new Base Rates [U0705] update, Multi Update Financial Institution, providing users with a list of rates for all financial institutions, from which they can update some or all as needed.
- Sales Tax Break Down
-
JULE 2002-2003,
Provides a breakdown of sales tax among the rent (or principal/interest) and various assessments that may comprise an invoice. LeasePak creates an individual record in the Sales Tax Breakdown (rsb) database table for each portion of sales tax allotted to rent or to an assessment when it is either assessed or waived. The sales tax on rental payment is stored in the table with the assessment types PAMT and IAMT. The Payments [U0102] updates and the Cycle Invoices [U0302] scratch file also include the breakdown information. When the user waives sales tax through Assessment [U0105], if the waived amount is greater than the original payment portion of the sales tax for the invoice, LeasePak will waive the remainder from assessments on the invoice, in the order they appear in the rsb table.
- Application Tracking
-
Base 6.0b
Also known as Application Tracking [U08]
Provides origination tools for pending leases and loans, from first entry to booking/funding. Includes the ability to add, edit, or delete pending deals, create and use a work schedule of pending deals based on various criteria, add pending assets and asset meters to deals, generate documentation, manage statuses and assignments, retrieve lessee credit, history, and exposure information, and validate information for completeness and accuracy prior to booking.
- Additional Depreciation Fields
-
Provides functionality of Additional Depreciation Method 1 and Additional Depreciation Method 2 optional fields to apply asset depreciation in addition to the book depreciation.
- ADFS Authentication
-
ADFS Authentication is a separately purchasable module of LeasePak. ADFS is Active Directory Federation Services (ADF) as a Single Sign-On (SSO) solution to log-in to LeasePak. When using this service, users will need to pass ADFS Token number and LeasePak username as a command line parameter instead of providing password for different interfaces of LeasePak. It requires user account in shared user mode only when using ADFS Authentication mode to sign-in to LeasePak. The effected functionalities are as follows:
For details, see LeasePak Basics→ADFS User Sign-in.
- Auto Charge Off, Auto Suspended Earnings
-
Also known as Automatic Suspend/Charge Off
Includes two End of Period modules, Automatic Suspended Income [U0439] and Automatic Charge Off [U0440].
Automatic Suspended Income [U0439] is a Sequential Updates (End of Period) process taking active or normal matured leases that have been delinquent for at least 90 days and tracks income, receivables, and other amounts in parallel general ledger accounts (Suspended accounts) while maintaining normal invoicing. When the user or supervisor decides to return the lease to normal earnings status, LeasePak transfers all activity in the Suspended accounts back to the normal general ledger.
Automatic Charge Off [U0440], also a Sequential Updates process, takes leases that have been delinquent 121 days or more and terminates them using the 'INV' method. For each lease, the user can designate whether or not it is eligible for automatic charge off and whether to defer the charge off for an additional number of days based on one of ten deferral explanations (Custom Code [U0722] code category 'ACO.DFRL').
- Batch Applications
-
Also known as Batch Applications (New Lease [U0101])
Requires the Partial Deductions module. Enables the user to book a group of qualified applications in batch mode, either through the LeasePak client update New Lease [U0101]: Batch Applications or on the LeasePak server using the LeasePak utility 218 Batch Applications. Before using the module, the administrator must first set the required status that indicates an application is eligible for batch booking using the Batch Application Status field in Portfolio [U0212]: New Lease Customizations.
- Batch Assessments
-
Also known as Batch Assessment [U0418]
Enables LeasePak, through End of Day (End of Period) processing, to automatically assess taxes, fees, and other charges to leases or assets using a text input file. As LeasePak processes each record from the input file, it makes the necessary updates to the general ledger and database. Unlike the interactive Assessments [U0105] update, Batch Assessments allows the input record to include a specific due date for the invoice on which the assessment will appear. This enables, among other things, monthly assessments to a lease with a quarterly payment schedule. To run the End of Day Batch Assessment [U0418] module, the administrator or other authorized user must first use the LeasePak utility 219 'Transfer data from scratch files into RBS table for BA' to convert the contents of the input file to records in the Batch Assessment (rbs) database table.
- Batch Payments
-
Base 6.0b
Also known as Batch Payment Processing
Provides the ability through Sequential Updates (End of Period) to process payment application in batch, for use with lockbox or third party payment services. Another update, Batch Payment [U0305] (requires the Interactive Batch Payments module), allows the user to make batch payments interactively.
- Batch Payoff
-
Also known as Batch Payoff Processing, Batch Payoff (interactive [U0129] and EOD [U0427])
Requires the Loan Accounting module. Enables LeasePak to process payoffs in batch for Interest Bearing Loans (IBLs) with 'RAX*' (arrears, P&I, fixed rate) accrual methods. LeasePak uses Payoff Quote [U0213] information and settings in Portfolio [U0212]: Payoff Customizations to accept or reject the payoff of an IBL. The module offers both the interactive Batch Payoff [U0129] and End of Day (End of Period) Batch Payoff [U0427] updates.
- Cash Control
-
Requires the JULE Fund 1994, Multiple Banks, and Partial Deductions modules. Enables LeasePak to control all aspects of cash application and reversal. Each group of payments to be applied is marked with a batch number, made up of the current date, reference codes, and a unique sequential control number. The user must then reference this number for reversing the group of payments. This module also includes the Batch Payments Report Viewer [R0415], which displays the batch number, detail record information, and validation reports prior to processing the batch job. This allows the user to verify all processed and unprocessed Cash Control entries for a specific batch number.Cash control changes the behavior of many of the LeasePak updates and reports. In most cases, a company must elect to use Cash Control when first setting up LeasePak and cannot choose to use it later on.
- Collateral
-
Also known as Collateral Tracking [U12]
Provides tools for tracking assets with missing, expired, or incorrect ownership certificates or Uniform Commercial Code (UCC) filings. Includes the ability to create and use a work schedule of assets, assign and reassign accounts, add notes for individual assets of oral or written communication pertaining to the maintenance of property filings, and the ability to generate any needed documentation.
- Collections
-
Also known as Collection Tracking [U11]
Provides tools for tracking and reporting on accounts with delinquent payments. Includes the ability to create and use a work schedule of accounts, view accounts at either the Lessee or lease level, assign and reassign accounts, add notes of oral or written communication pertaining to the collection of delinquent payments, and the ability to generate pertinent documentation.
- Cost Per Use
-
Allows users to create up to four meter definitions for each pending or booked asset. These meter definitions, which include a description, current reading, original reading, base allowance, and ranges (each with its own cost-per-use amount), allow the user to assign per-use charges to the asset as an asset-level assessment. There are no additional asset-level assessments with this module; within a particular portfolio, users can customize either the federal highway use tax (FHUT) or property tax (PRTX) with custom assessment and G/L names to use with Cost Per Use. Users can set up the meter definitions for each asset either through Application Tracking [U08] (for pending assets) or through the update Asset Meter Maintenance [U0231]. Interactively, users can assess and waive charges through the Assess Meter Charge [U0131] and Reverse Meter Charge [U0132] updates. In batch, users can input a file of assessments, changes, and waivers through the LeasePak Utility 224 Cost Per Use Import File and have End of Period process it through the module Batch Meter [U0448], which includes an exception and audit report. An additional report, Meter Transaction Journal [R0925], details cost-per-use transactions for all assets on a lease or for individual assets.
- Portfolio [U0212]: Miscellaneous Customizations, Cost Per Use Assmt Code (field)
- Application Tracking [U08]: Asset Meter Maintenance
- Asset Meter Maintenance [U0231]
- Assess Meter Charge [U0131]
- Reverse Meter Charge [U0132]
- LeasePak Utilities: 224 Cost Per Use Import File
- Batch Meter [U0448]
- Meter Transaction Journal [R0925]
- Customer Service
-
Also known as Customer Service Tracking [U16]
Provides tools for viewing and tracking various lease accounts, whether or not they are delinquent. Includes the ability to create and use a work schedule of accounts, view account information at the lease level, assign and reassign accounts, add notes of oral or written customer service communications, and the ability to generate pertinent documentation. Another feature of this module is an independent Lease Summary Screen, which the user can access at any time by pressing F5.
- Table Based Depreciation
-
Also known as Depreciation Table, Table-Driven Depreciation
Requires the Prorate Income, IDC/IDR, Depreciation module. Allows users to add new table-driven depreciation methods, as well as add, modify, or delete lives from existing formula-based and table-driven methods using the Depreciation [U0730] update. LeasePak stores values for custom table-driven methods and lives in the Table-Driven Depreciation (rtd) LeasePak database table.
- Unix Drawdown
-
Also known as Drawdown/Customer Exposure, Drawdown (Application Tracking [U08])
Requires the Application Tracking module. Allows the user to create a Master Application, establishing a drawdown line of credit from which a Lessee can have multiple leases or loans, each tied back to the Master Application, until the line of credit is exhausted.
The addition of the Revolving Credit option, switch Drawdown Revolving Credit on Application Tab 4 of a Master Application, determines the behavior of the credit line. With this off (unchecked), once the credit line is exhausted, the Lessee must apply for a new line of credit to make additional leases or loans. With the option on (checked), the line becomes revolving--payments made to leases or loans replenish available credit.
At the time of setup, the administrator can specify whether or not applications in a particular portfolio track drawdown through the switch Track Drawdown in Application Portfolio [U0822]. Additional fields in Application Tracking Setup determine application history cloning, Master Application status, and limits of individual Application Tracking users in establishing lines of credit for Lessees.
Revolving Credit cannot be used with operating leases.
- File Attachments
-
Requires either the Collection Tracking or Customer Service Tracking module. Provides a way to attach external files to a particular lease through the Lease Summary screen. The administrator must set up a shared directory for attached files in order for users to commonly view attachments. The following file types can be attached to a lease: Microsoft Word (*.doc), Microsoft Excel (*.xls), JPEG (*.jpg), bitmaps (*.bmp), Adobe Acrobat (*.pdf), and external URLs (http:// & ftp://). LeasePak stores the lease, directory path, and filename attachment information in the File Attachments (rfa) database tables. All the above file type comprise of two following sections:
- File and path
- URL (web address)
- Forecasting
-
Also known as Forecasting [R0112]
Provides several reports under Forecasting [R0112] for cash, earnings, and balances runoff. The user can select which portfolio, company, region, office (or superset), months to run off, types of leases to include, and other criteria for the reports. The user can also select whether to output the report with the time axis running horizontally or vertically to facilitate copying the report into an external table or spreadsheet.
Forecasting reports do not include leases in month-to-month renewal; users can look at these using the Month-to-Month Leases [R0921] report, available with the LeasePak base system.
- Extended Recurring Charges
-
Also known as Increased Recurring Charges
Increases the number of possible recurring charges (customizable charges accompanying each payment) from three (base system) to 15. In order to use these charges, the administrator must first set them up in Portfolio [U0212]: Assessment Customizations.Although with this module you can set up 15 recurring charges for a portfolio, 10 is the maximum combined number of static, sales/use tax, property tax, and recurring charge assessments that LeasePak can place on any one invoice.
- Insurance Tracking
-
Also known as Insurance Tracking [U13]
Provides tools for viewing and tracking expired insurance policies. Includes the ability to create and use a work schedule of accounts, view policy profile information for each account, assign and reassign accounts, add notes of oral or written communications, and the ability to generate pertinent documentation.
- Leveraged Leasing
-
Provides a function where the lessor can use external data to supply the information needed to accommodate the additional accounting requirements of leveraged leases. To generate the input files for LeasePak, you can employ pricing tools such as Internet Corporation's LEASE, Ivory Consulting's SuperTRUMP, and Warren & Selbert's ABC, or any other program that produces leveraged lease pricing and financial modeling. The leveraged lease input file must follow a specific format. During the leveraged lease application process, LeasePak takes the information from the input file and stores it in the Leveraged Import (rli) table for use in calculating the leveraged lease accounting information each month.
- Mature Lease Tracking
-
Also known as Maturing Lease Tracking [U14]
Provides tools for viewing and tracking leases nearing maturity, facilitating customer service for payoff, termination, or renewal. Includes the ability to create and use a work schedule of accounts, view lease information for each account, assign and reassign accounts, add notes of oral or written communications, and the ability to generate pertinent documentation.
- Multiple Banks
-
Increases the number of general ledger cash accounts from just one to 20, creating the account numbers 125-144 and 499-250. Some of these are reserved for specific purposes--for example 125 is the default receivables account and 126 is the default for disbursals. The administrator can assign unreserved accounts as needed. Users can then specify which accounts to use in each of LeasePak's payment and disbursal-related updates, including booking, payments, and payoffs/terminations. Because each LeasePak Office has its own distinct general ledger, each Office can make use of cash accounts differently.
- Partial Deductions
-
Allows the user to specify the distribution of a partial payment during the booking process when the full amount due at lease commencement has not been received. For each amount due at commencement (advance payment, down payment, fees, taxes, etc.), the user can specify the amount to apply, amount to invoice, amount to apply through a reduction to the accounts payable, and/or the amount to place in suspense.
- Prorate Income
-
Also known as Prorate Income, IDC/IDR, and Book Depreciation
Allows users to prorate income, IDC/IDR, and book depreciation for leases and assets where the book depreciation start date is not the first of the first month or where asset disposition occurs before the end of the last month. Without this, LeasePak takes a full month's values for partial months.
To use prorating, the administrator must set three fields in Portfolio [U0212]: Miscellaneous Customizations. The switch Prorate Inc IDC/IDR must be on (check the box or set to 'Y'), the field Accrual Deferral Days must be set to '0', and the switch Change Depreciation at Term. must be off (uncheck the box or set to 'N').
LeasePak stores deferred income and IDC/IDR amounts in the Deferred Lease Income (rdf) database table and deferred depreciation in the Asset (req) table.
This module is required for the Depreciation Table module.
- Portfolio [U0212]: Miscellaneous Customizations, Prorate Inc IDC/IDR (field)
- Portfolio [U0212]: Miscellaneous Customizations, Accrual Deferral Days (field)
- Portfolio [U0212]: Miscellaneous Customizations, Change Depreciation at Term (field)
- Prorate Income, IDC/IDR, and Book Depreciation
- Oracle--LeasePak database table: Deferred Lease Income (rdf)
- Sybase--LeasePak database table: Deferred Lease Income (rdf)
- User Defined Fields/Tables
-
Base 6.0b
Also known as User Defined Fields
Provides 51 fields and 12 table columns for each of the following: customer, lessee, vendor, application, application asset, asset, and lease. The administrator must set up these fields and columns for each portfolio (setups can be the same or separate by portfolio). During the setup, the administrator can specify whether or not to use a field or column, the field/column name, whether or not it is required, if it requires an edit check (valid code, numeric date, date, or dollar amount), and, in the case of application and application asset fields, whether or not to transfer the information to the booked lease or asset.
- Commercial Loan Module
-
Also known as Commercial Loan
Requires the Loan Accounting module. The Commercial Loan module provides additional interest rate and calendar functionality to the Loan Accounting module.
- T-Value/Pricing
-
Also known as Application Pricing
Application Pricing (Pricing tool) allows users to solve for lease terms, including cost, payments, and rates.
- Alternate Accrual/Billing Cycles
-
Allow users to schedule payments and run accruals with weekly, bi-weekly, or semi-monthly billing frequency.
- Asset Focus
-
Also known as Asset Focus Module (AFM)
Asset Focus Module (AFM) enables the management and tracking of asset-level payments and income.
- Recurring Charge Payment Schedule
-
Also known as RCR Schedule [U0236]
Requires the Extended Recurring Charges module. Allows management of stepped or variable payment schedules for recurring charges.
- Client Based Billing
-
Also known as Client Billing [U0135]
Provides lessee-level assessment functionality, independent from lease or asset-level assessments, allowing users to assess fees to lessees that do not have leases or loans. User can set up to 3 lessee-level assessments through Assessment Customizations [U0212].
- Like-Kind Exchange
-
Also known as Like-Kind Exchange [U0237]
Provides the client with LeasePak update functionality supporting Like-Kind Exchange, which is a method of replacing one asset with another of the same type in order to defer tax gain or loss, per Section 1031 of the IRS code. Users can refer to IRS Publication 544 Sales and Other Dispositions of Assets and IRS Form 8824 Like-Kind Exchanges for more information.
- Relationship Tree
-
Provides a mechanism to explore the relationships between LeasePak clients, leases, and assets belonging to a specific customer in a directory like sidebar (tree control) and allows the user to populate the LeasePak update or report selection criteria with the selected items in that tree control.
- Lease Discounting
-
Also known as Lease Discounting [U0123]
Allows the user to discount a lease's payment stream, usually before selling the stream to an investor. Lease Discounting is different from Investor Income Participation. Discounting discounts a lease's future payment stream using a Net Present Value calculation, transfers the accounting to alternate general ledger accounts, and sets the lease up for servicing by a third party, which may or may not be an Investor. On the other hand, Income Participation shares a portion of the lease income with a specified Investor from commencement to maturity, using the normal general ledger accounts. Income Participation assumes that the Lessor maintains ownership of the payment stream, while Discounting assumes that the stream is being sold.
Discounting is only available for Precomputed and Simple Interest type leases. LeasePak cannot discount Operating Leases or Interest Bearing Loans.
LeasePak portfolio settings determine whether or not Lease Discounting is available within a specific portfolio. Because Lease Discounting uses the same general ledger accounts as Suspended Earnings, only one of the two can be active in a particular portfolio. NetSol recommends creating one or more new portfolios specifically for discounted leases, which the lessor can then transfer to a third party if needed.
- Loan Accounting
-
Also known as Interest Bearing Loans (IBLs)
Adds Interest Bearing Loans (IBLs) to LeasePak available lease types. With IBLs, LeasePak calculates interest on a daily basis and makes interest adjustments based on early or late receipt of payments. IBL accrual choices include payments in advance or arrears, principal plus interest (P+I, where the payment schedule contains the principal payment only and the invoice lists the principal and calculated interest separately) or principal and interest (P&I, where the payment schedule contains an amount that LeasePak internally breaks down into principal and interest and the invoice lists the two as one amount), floating or fixed rate interest, and several daily interest calculation options, including actual/360, actual/365, actual/actual, and 30/360. With IBLs, the user can also make certain allowed accrual type changes throughout the life of the loan, as well as changes to the principal amount.
- Notes Payable
-
Also known as Notes Payable [U09]
Allows the user to tie a record of a payable note to an asset (either in inventory or on lease), usually to reflect a loan the lessor used to pay for the asset, account for interest accrued and payments made to the note, and adjust its terms or pay it off. LeasePak calculates interest monthly in advance. The user can schedule payments in advance or arrears. Accrual method choices include principal plus interest (where the payment schedule contains the principal payment only and the invoice lists the principal and calculated interest separately), principal and interest (where the payment schedule contains an amount that LeasePak internally breaks down into principal and interest and the invoice lists the two as one amount), or interest only (where the payment schedule contains zero payment amounts and the invoice only bills the accrued interest); floating or fixed rate interest; and several daily interest calculation options, including actual/360, actual/365, actual/actual, and 30/360.Before booking a note, the user must set up a relevant Lender as the issuer of the note.
- Off-Lease Billing
-
Allow users to charges assessments through U0105 once the lease is paid off or terminated. Users can setup invoices for remaining balances at the time of payoff for outstanding amounts that are not yet charged instead of writing that shortage to loss or bad debt. After paying off or terminating a lease, users can change effective payoff/termination date, invoice a loss amount, automatically adjust the remaining payment schedule after a partial payoff or termination, enter a residual value on all types of payoff quotes, and make or waive assessments and perform other related processes on paid off and terminated leases. Vertex-O does not allow users to create an invoice at the time of payoff or termination for any outstanding amounts. However, Vertex-O users can make assessments through U0105 once the lease is terminated or paid off. To enable off-lease billing functionally users must set 'PAYOFF INVOICE DUE DAYS' greater than 0 from U0712 Miscellaneous Customizations to access invoice option at the time of payoff.
- Operating Leases
-
Adds FASB 13 operating leases to LeasePak available lease types. LeasePak accounts for operating leases using specific general ledger accounts such as Leased Assets, Accumulated Depreciation, and Operating Income. Operating lease accrual choices include payments in advance or arrears and straight-line or per-payment income recognition. Users can book operating leases with a fixed term, a month-to-month payment schedule, or a fixed term that converts to month-to-month when the lease matures. LeasePak allows operating leases to have high residuals and payment schedules that do not cover the asset cost.
- Operating Leases - Floating
-
Also known as Operating Leases, Floating Rate
Requires the Operating Leases module. Adds two accrual methods, AOVE and ROVE, allowing the user to book an operating lease with a floating rate, where the payment schedule contains an amount that LeasePak internally breaks down into principal and interest and the invoice lists the two as one amount. LeasePak uses the assigned floating rate and a 30/360 basis to perform daily interest calculations and makes interest adjustments to account for differences between the payment schedule and the actual accrued interest.
- Recovery Tracking
-
Also known as Recovery Tracking [U17]
Requires the Collections and Vehicle Finance modules. Provides tools for viewing and tracking delinquent vehicle leases and loans, assisting in vehicle recovery/repossession. Includes the ability to create and use a work schedule of accounts, view lease information for each account, assign and reassign accounts, make necessary updates to accounts, add notes of oral or written communications, and the ability to generate pertinent documentation.
- VAT Tax
-
Also known as Value Added Tax (VAT)
Provide the ability to assess value added tax (VAT) in jurisdictions using this type of tax. For a qualified asset, the user can either set the tax as a regular payment/rental assessment (similar to sales/use tax) or charge the tax up front as a percentage of the acquisition cost plus as an assessment on only the interest portion of the payment.
Using the VAT upfront option is not compatible with either Lease Discounting or Disburse Upfront Sales Tax.
- Vehicle Finance
-
Requires the Multiple Banks and Partial Deductions modules. Provides additional tools for lessors and financers to record and track vehicle- and consumer loan-related information.
- Enhanced IDC/IDR
-
This new module is an optional module. Users using Vehicle Finance module must own this new Enhanced IDC/IDR module to take advantage of the Enhanced IDC/IDR functionality. This new module separates/moves all IDC/IDR fields from Vehicle Finance module to Enhanced IDC/IDR module.
- Shared User
-
This new module allows a user to create new shared users with unique user id and password to access LeasePak application on different levels. To set up shared user module see Shared Useroverview document
- Multi Portfolio Processing
-
Base 6.0b
Allows the administrator to divide LeasePak data and accounting into discrete portfolios. Each portfolio operates independently, having its own accruals, invoicing, End of Period processes, and report grand totals. The administrator can also restrict a user's access to a single portfolio or, if needed, to a single company, region, office, and Vendor. Requires the Multi-Portfolio Security module if users need access to some but not all portfolios.
- Multi Portfolio Security
-
Requires the Multi-Portfolio Processing module. Allows the administrator to grant a user access to one, some, or all portfolios.
- Name Assessments
-
Base 6.0b
Also known as Rename Assessments at Portfolio Level
Allows the administrator to rename non-recurring charge assessments for the portfolio (recurring charges are always customizable). Also enables the administrator to set payment hierarchies and priorities for partial payments. With the Multi-Portfolio Processing module, each portfolio can have different names for assessments and different hierarchies and priorities for partial payments.
- Automated Lease Doc
-
Also known as Automated Lease Document Generation, Document Generation, DocGen
Allows the user to request documents (such as lease agreements, collection letters, and invoices) for a particular application, lease, or client from within LeasePak. Used in conjunction with dx Generation (included with the DocGen but set up separately), the user can also generate documents in scheduled batches (multiple collection letters, invoices, etc.).
DocGen and dx Generation take a Microsoft Word template (*.dot file) containing specially coded fields, merge it with the appropriate LeasePak data, and produce a Word document (*.doc file) that you can modify, save, print, e-mail, convert to PDF format, or process the same way you would process any other Word document.
- Credit Bureau Export - Metro2
-
Also known as Metro2
Captures and formats information about clients (lessees and guarantor) and their associated leases in order to report to the credit bureau using the standard Metro2 format. Payment as well as three specific credit bureau updates captures this information. The End of Month (End of Period) module and Metro2 [U0462] creates the pertinent data for that reporting month. The utility 223 formats the data using the Metro2 format for export to credit bureaus.
- Credit Scoring - MicroBilt
-
Also known as Credit Scoring Interface - MicroBilt, Credit Bureau (Application Tracking [U08])
Requires the Application Tracking module, separate licenses with MicroBilt and the various credit bureaus, and an appropriate Web browser (as specified in System Requirements) installed on the client computer. Provides an interface using MicroBilt's Systems Integration Tool Kit in order to securely request credit bureau reports and retrieve credit and scoring information as part of the application process.
- PAP/Preauthorize Pmts
-
Also known as Electronic A/R (ACH/PAP), PAP/ACH (Pre-Authorized Payments/Automated Clearing House)
Requires the Batch Payment Processing module, and the Interactive Batch Payments module to process batch payments interactively. Provides the setup for a Lessee to make lease payments automatically from a bank account. For each payment due date, LeasePak creates a scratch file with the appropriate payment information, from which it produces two files: one for the banks, using either the ACH (American) format, the WDE (Australian) format, or one of the PAP (Canadian) formats; and one for LeasePak batch payment processing. Each portfolio can only use one format, but different portfolios can use different formats.
- Vendor ACH
-
Also known as Electronic A/P Vendor ACH (Automated Clearing House) Payable
Provides the setup for LeasePak to disburse a payable automatically to a Vendor's bank account. Each day, as part of the End of Day (End of Period) process, LeasePak creates a scratch file with the appropriate payables information, from which it produces a file for the banks, using either the ACH (American) format, the WDE (Australian) format, or one of the PAP (Canadian) formats. Each portfolio can only use one format, but different portfolios can use different formats.
- EOP Suite
-
Automates the submission of End of Period and assists the administrator in monitoring the EOP process, whether from a terminal logged on the LeasePak server or from a LeasePak client computer. The suite consists of four programs which automatically submit End of Period for a list of specified portfolios, automatically resubmit portfolios if necessary, monitor the status of End of Period on the LeasePak server and send e-mail to the administrator, and monitor the status of End of Period through a LeasePak client computer (EOP Monitor).
EOP Suite runs as a job incron; use it in conjunction with other scripts andcronjobs for nightly backup, EOP processing, and maintenance of the LeasePak server.
For documentation on EOP Suite, refer to the LeasePak System Administration Guide.
- General Ledger
-
Also known as General Ledger Interface [U1003]
Creates a special scratch file containing the daily debits, credits and account balances for each LeasePak general ledger account under each office. Transfers to the scratch file are based on daily totals. A customized, user-supplied program must then translate the information in the scratch file to a format that can be read by the receiving non-LeasePak general ledger system.
- General Ledger Pool
-
Also known as General Ledger Pool Update [U0459]
Creates a General Ledger Pool to assign pool ID to booked leases. This update is an EOP process. During EOP, when U0459 General Ledger Pool Update runs, LeasePak creates a set of general ledger scratch file in a hierarchy of Pool ID. This update produces a file after updating general ledger totals by Pool ID.
- LeasePak EC
-
Requires a specifically configured Citrix or Tarantella server with the corresponding licenses and an appropriate Web browser (as specified in System Requirements) installed on the client computer. Provides a minimal, specialized installation of the LeasePak client for use with the Citrix or Tarantella remote access system.Documentation for LeasePak EC coming soon.
- Accrual Base Recurring Charges
-
Allow users to account for recurring charges on accrual basis. Using cash basis recurring charge, the income or payable is recorded in the general ledger. Whereas in accrual basis, the assessment income or payable is recorded in the general ledger when the assessment is assed to the lessee. LeasePak maintains separate general ledger accounts for recurring charge receivable and recurring charge income/payable.
- ActiveX Data Transceiver
-
Also known as Toolbar API
Requires one of the tracking modules. Provides a Microsoft ActiveX object containing the tracking toolbar information (including Lessee number, Lessee name, and application/lease number) for the current account, whether selected individually or as the current item in a work schedule. Using the ActiveX object, NetSol customers can develop interfaces to third-party software, enabling synchronized, side-by-side operation of LeasePak and the external application.
- ALI Interface
-
Also known as American Lease Insurance Interface
Requires the Batch Assessments module. Provides two tools to interface with American Lease Insurance (ALI)--an End of Day (End of Period) process to collect information on qualifying leases and format it into an export file for ALI, and a LeasePak utility to take the information returned from ALI and load it into the Batch Assessments (rbs) table for End of Day processing by Batch Assessment [U0418].
- Portfolio [U0212]: Assessment Customizations, Recurring Charges
- Portfolio [U0212]: Miscellaneous Customizations, ALI Recurring Charge Code (field)
- ALI Insurance Data Export [U0438]
- LeasePak Utilities: 219 Transfer data from scratch files into RBS table for BA
- Batch Assessment [U0418]
- American Lease Insurance (external link--opens in new window)
- Vertex Interface (L Series)
-
Also known as Vertex Interface [U0437]
Enables use of Vertex tax rates with LeasePak. The End of Period module Vertex Interface [U0437] automatically inserts/updates the Location (rlo) and Name (rnm) tables using Vertex's datafile and produces an audit report. The interface automates location updates and tax rate maintenance. Without the Vertex interface, the user must enter and maintain all location information, including tax rates, manually through the Location [U0701] update. In locations where a cap is placed on the use tax which may be charged on each asset on every billing ("maximum use tax"), Vertex passes those maximums on to LeasePak.
LeasePak tracks historical tax rate changes as well as stores the correct tax rates from Vertex to provide tax calculations for back dated payments and reversals. When the tax rates are updated as part of the End of Period process, the State (rst) table column tax_rate_s will determine which rate, if any, to load for locations under the same state. LeasePak maintains the State (rst) table column tax_rate_s through the State [U0713] update.
- Vertex® Indirect Tax O Series
-
Vertex Indirect Tax O Series Interface permits LeasePak to offload the responsibility of calculating sales and use tax along with maintaining a tax journal to a separate software product available from Vertex Inc.
- Vervent Custom Modules
Vervent Custom Modules is a separately purchasable module of LeasePak. Users can extract .xml and .csv files for different options when this module is owned. The effected functionalities are as follows:
- XML Pricing/SuperTRUMP
-
Also known as XML App/Pricing Interface, Import (Application Tracking [U08])
Enables the user to import pricing information from third-party applications such as Ivory Consulting Corporation's SuperTRUMP. LeasePak takes the information in XML format and uses it to populate corresponding fields in the application, including commencement date, payment due date, term, acquisition cost, NPV discount rate, cost of funds, payment schedule, accrual method, and many others.
- Batch General Ledger Adjustment
-
Batch General Ledger Adjustments module includes utility 113 Batch General Ledger Adjustment and allows the user to process U0121 batch general ledger adjustment transactions.
- Batch Sale of Asset
-
Batch sale of asset allows the user to process U0103 sale of asset in inventory and sale of asset in inventory reversal transactions.
- Security Role
-
LeasePak allow the user to create and mainatina role. One Role can have many individual users assigned to it. You can add, change and delete a role with selected particular individual users.
- LinkIT - API
-
Also known as Web Services API
Allows the user to add, update, or in some cases delete application, pending asset, insurance, and notebook information (as XML documents) directly to LeasePak, without using the LeasePak client, providing a bridge between custom or legacy front ends and LeasePak.
- ChannelIT
-
Also known as Web Application Entry
Provides a secure, web-based origination tool for the NetSol customer's remote sales force, brokers, dealers, or vendors. Authorized users can enter new clients and applications from any computer with access to the Internet, as well as check on the progress of deals belonging to their particular group.
- DocIT
-
Also known as Web Document Generation
Requires the Web Application Entry (ChannelIT) module. For ChannelIT users, adds the ability to generate lease and loan documentation based on your own templates, generating the documents in either Microsoft Word or Adobe PDF format.
- Extended Asset
-
Also known as Maximum Number of Assets Per Lease (Custom General [U0712]: Miscellaneous Customizations field)
Enables the administrator to set the maximum number of assets attached to a lease at any level (as long as the system resources can support it) using the field Maximum Number of Assets Per Lease in Custom General [U0712]: Miscellaneous Customizations.
- High Volume
-
Enables NetSol customers with multiple CPU hardware to run selected End of Period (EOP) updates and reports in parallel, reducing the time it takes EOP to run.
LeasePak Documentation Suite
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by NetSol Technologies Inc. All rights reserved.
The information contained in this document is the property of NetSol Technologies Inc. Use of the information contained herein is restricted. Conditions of use are subject to change without notice. NetSol Technologies 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 NetSol Technologies Inc. is prohibited.