General Ledger Entries Listing [R0406]

End of Period: This process can be run either interactively through this update or seleted to run during End of Period. As an EOP module, the process is:

EOP Only	No
Frequency	Daily
Sequential Updates	No
Skip Notes	No restrictions

For more information about End of Period, refer to U04 End of Period Overview.

The General Ledger Entries Listing [R0406] provides the information necessary to pass entries to a General Ledger system separate from LeasePak. Also, used in conjunction with the Trial Balance report [R0901], the Accounts Receivable Balancing report [R0404], the Income Receivable Balancing report [R0407], the Accounts Payable Balancing report [R0408], the Suspense Review report [R0203] and the Off Lease Inventory report [R1001], it is an essential tool in the General Ledger reconciliation process.

The report may be accessed through the Audit Control report menu [R04].

The report may be selected interactively for:

All accounting units (portfolio, company, region, office)
A portfolio
A company
A region
An office

The report may be automatically generated for each portfolio at the end of the day through the End of Period update [U0401]. Use the End of Period MODULES AND REPORTS screen under the End of Period Customizations option of the Portfolio update [U0212] to specify whether the report is created.

When IDC/IDR fees are entered on an application or a lease, the fifty-three additional G/L accounts that were added in LeasePak v3.1a will be displayed on this report.

Note: This report cannot accommodate a very large number of P/C/R/Os within one portfolio. If the number exceeds 1500, the report may fail to run dependably.

General Ledger Entries Selection

ALL
Enter X to report on all accounting units (portfolio, company, region, and offices). Leave blank to report on a specific portfolio, company, region, and/or office.
PORT
Enter the number of the portfolio upon which to report. Leave blank if reporting across portfolios.
COMP
Enter the number of the company upon which to report. Leave blank if reporting across companies.
REGN
Enter the number of the region upon which to report. Leave blank if reporting across regions.
OFFIC
Enter the number of the office upon which to report. Leave blank if reporting across offices.

General Ledger Entries Listing

The General Ledger Entries Listing report [R0406] reports at the office level and provides the following information:

GENERAL LEDGER ACCOUNT NUMBER
The number assigned to the General Ledger account is displayed.
GENERAL LEDGER ACCOUNT NAME
The name associated with the General Ledger account is displayed.
DEBIT
The daily debits recorded against the General Ledger account is displayed.
CREDIT
The daily credits recorded against the General Ledger account is displayed.
M-T-D DEBIT
The month-to-date debits recorded against the General Ledger account is displayed.
M-T-D CREDIT
The month-to-date credits recorded against the General Ledger accounts is displayed.
BALANCE
The net balance of the General Ledger account is displayed.
CASH PROCESSED
The total dollar amount of cash processed for the office is displayed. If both cash receipts and disbursements are assigned through a session, this field is the total of the cash processed and cash disbursed (i.e., it is not a net cash figure). To determine the daily net cash for an office, subtract the daily credits from the daily debits. CASH PROCESSED is cleared (set to zero) at the end of the day through the Zero Daily General Ledger Accounts update [U0422] executed by the End of Period process.
TOTALS
Totals are shown for all General Ledger account balances by region, company, portfolio and all accounting units (portfolio, company, region, and office). If one or more offices in a region have different names and/or numbers for the same General Ledger account, the NetSol default name and/or number for that account is displayed for the region totals. The same is true for company totals, if region account names and/or numbers are different, and for portfolio totals, if account names and/or numbers vary between companies. An asterisk (*) next to the name or number signifies that the default name or number is displayed. The default G/L account names and numbers are provided by NetSol. Refer to the Office G/L Change update [U0716] for the account names and numbers used by each office and the corresponding NetSol default names and numbers.

Additional Information

IDC3 - UNAMORTIZED D/L FIXED RESERVES
IDC4 - UNAMORT D/L STANDARD RESERVES
IDC5 - UNAMORT D/L GUARANTEED RESERVES
IDC6 - UNAMORT D/L DEALER BONUS
IDC6 - AMORT D/L DEALER BONUS
IDC6 - D/L DEALER BONUS PAYABLE
IDC6 - D/L SUSP DEALER BONUS
IDC6 - UNAMORT O/L DEALER BONUS
IDC6 - AMORT O/L DEALER BONUS
IDC6 - O/L DEALER BONUS PAYABLE
IDC6 - O/L SUSP DEALER BONUS
IDC6 - UNAMORT DEALER BONUS
IDC6 - AMORT DEALER BONUS
IDC6 - DEALER BONUS PAYABLE
IDC6 - SUSP DEALER BONUS
IDC7 - UNAMORT D/L DEALER RESERVE
IDC7 - AMORT D/L DEALER RESERVE
IDC7 - D/L DEALER RESERVE PAYABLE
IDC7 - D/L SUSP DEALER RESERVE
IDC7 - UNAMORT O/L DEALER RESERVE
IDC7 - AMORT O/L DEALER RESERVE
IDC7 - O/L DEALER RESERVE PAYABLE
IDC7 - O/L SUSP DEALER RESERVE
IDC7 - UNAMORT DEALER RESERVE
IDC7 - AMORT DEALER RESERVE
IDC7 - DEALER RESERVE PAYABLE
IDC7 - SUSP DEALER RESERVE

Following are the General Ledger accounts which may appear on this report for non interest bearing loans leases:

AR Subvention 1
AR Subvention 2
AR Subvention 3
AR Subvention 4
AR Subvention 5

Following are the General Ledger accounts which may appear on this report for leases having IDCs amount for IDC8, IDC9, and IDCA-IDCH:

IDC8 - FASB91 INCOME ADJUSTMENT
IDC9 - FASB91 INCOME ADJUSTMENT
IDCA - FASB91 INCOME ADJUSTMENT
IDCB - FASB91 INCOME ADJUSTMENT
IDCC - FASB91 INCOME ADJUSTMENT
IDCD - FASB91 INCOME ADJUSTMENT
IDCE - FASB91 INCOME ADJUSTMENT
IDCF - FASB91 INCOME ADJUSTMENT
IDCG - FASB91 INCOME ADJUSTMENT
IDCH - FASB91 INCOME ADJUSTMENT
IDC8 - SUSP FASB91 INCOME ADJUSTMENT
IDC9 - SUSP FASB91 INCOME ADJUSTMENT
IDCA - SUSP FASB91 INCOME ADJUSTMENT
IDCB - SUSP FASB91 INCOME ADJUSTMENT
IDCC - SUSP FASB91 INCOME ADJUSTMENT
IDCD - SUSP FASB91 INCOME ADJUSTMENT
IDCE - SUSP FASB91 INCOME ADJUSTMENT
IDCF - SUSP FASB91 INCOME ADJUSTMENT
IDCG - SUSP FASB91 INCOME ADJUSTMENT
IDCH - SUSP FASB91 INCOME ADJUSTMENT
IDC8 AMORTIZATION
IDC9 AMORTIZATION
IDCA AMORTIZATION
IDCB AMORTIZATION
IDCC AMORTIZATION
IDCD AMORTIZATION
IDCE AMORTIZATION
IDCF AMORTIZATION
IDCG AMORTIZATION
IDCH AMORTIZATION
IDC8 - SUSPENDED AMORTIZATION
IDC9 - SUSPENDED AMORTIZATION
IDCA - SUSPENDED AMORTIZATION
IDCB - SUSPENDED AMORTIZATION
IDCC - SUSPENDED AMORTIZATION
IDCD - SUSPENDED AMORTIZATION
IDCE - SUSPENDED AMORTIZATION
IDCF - SUSPENDED AMORTIZATION
IDCG - SUSPENDED AMORTIZATION
IDCH - SUSPENDED AMORTIZATION
IDC8 - TOTAL RESERVES PAYABLE
IDC9 - TOTAL RESERVES PAYABLE
IDCA - TOTAL RESERVES PAYABLE
IDCB - TOTAL RESERVES PAYABLE
IDCC - TOTAL RESERVES PAYABLE
IDCD - TOTAL RESERVES PAYABLE
IDCE - TOTAL RESERVES PAYABLE
IDCF - TOTAL RESERVES PAYABLE
IDCG - TOTAL RESERVES PAYABLE
IDCH - TOTAL RESERVES PAYABLE
IDC8 - ALT: LEASE INCOME ADJUSTMENT
IDC9 - ALT: LEASE INCOME ADJUSTMENT
IDCA - ALT: LEASE INCOME ADJUSTMENT
IDCB - ALT: LEASE INCOME ADJUSTMENT
IDCC - ALT: LEASE INCOME ADJUSTMENT
IDCD - ALT: LEASE INCOME ADJUSTMENT
IDCE - ALT: LEASE INCOME ADJUSTMENT
IDCF - ALT: LEASE INCOME ADJUSTMENT
IDCG - ALT: LEASE INCOME ADJUSTMENT
IDCH - ALT: LEASE INCOME ADJUSTMENT

Following are the General Ledger accounts which may appear on this report for lease IDC ASC 842:

UNAMORTIZED IDC COST - ASC 842
SUSPENDED IDC ACCRUED - ASC 842
IDC OFFSET - ASC 842
IDC AMORTIZATION - ASC 842
DEFERED IDC AMORTIZATION - 842
DEFERED SUSP IDC ACCRUED - ASC 842

Following are the general ledger accounts which may appear on this report of payoff transactions for lease which has been matured:

IDRD D/L Subvention1
IDRE D/L Subvention2
IDRF D/L Subvention3
IDRG D/L Subvention4
IDRH D/L Subvention5

Following are the General Ledger accounts which may appear on this report of payoff transactions for lease which has not matured:

IDRD D/L Subvention1
IDRE D/L Subvention2
IDRF D/L Subvention3
IDRG D/L Subvention4
IDRH D/L Subvention5

Following are the General Ledger accounts which may appear on this report for interest bearing loans leases:

IDRD Retail Subvention1
IDRE Retail Subvention2
IDRF Retail Subvention3
IDRG Retail Subvention4
IDRH Retail Subvention5

Following are the General Ledger accounts which may appear on this report to clear any remaining amounts if the lease has not been suspended before payoff:

IDRD D/L Subvention1 Income
IDRE D/L Subvention2 Income
IDRF D/L Subvention3 Income
IDRG D/L Subvention4 Income
IDRH D/L Subvention5 Income

Following are the General Ledger accounts which may appear on this report for payoff transaction for an interest bearing loans that has not been matured:

IDRD Retail Subvention1 Income
IDRE Retail Subvention2 Income
IDRF Retail Subvention3 Income
IDRG Retail Subvention4 Income
IDRH Retail Subvention5 Income

Following are the General Ledger accounts which may appear on this report to reflect the termination transaction for a lease that has not been matured:

IDRD Susp D/L Subvention1 Inc.
IDRE Susp D/L Subvention2 Inc.
IDRF Susp D/L Subvention3 Inc.
IDRG Susp D/L Subvention4 Inc.
IDRH Susp D/L Subvention5 Inc.

Following are the General Ledger accounts which may appear on this report to clear the amounts in the suspended retail subvention income accounts if the interest bearing loan leases has been suspended before payoff:

IDRD Susp Retail Subvention1 Inc.
IDRE Susp Retail Subvention2 Inc.
IDRF Susp Retail Subvention3 Inc.
IDRG Susp Retail Subvention4 Inc.
IDRH Susp Retail Subvention5 Inc.

Follwoing are the General Ledger accounts which may appear on this report to reflect the charge-off accounts of change key inventory and individual lease-level assessment charge-off to clear change key and individual lease-level assessment charge-off general ledger accounts.

CLEARING-CHANGE KEY
EOT LEASE GROSS CHARGE-OFFS - ASSUMPTION FEES
EOT LEASE GROSS CHARGE-OFFS - COLLECTION FEES
EOT LEASE GROSS CHARGE-OFFS - ITC FEES
EOT LEASE GROSS CHARGE-OFFS - LEGAL FEES
EOT LEASE GROSS CHARGE-OFFS - LEASE EXTENSION FEES
EOT LEASE GROSS CHARGE-OFFS - LEASE RE-WRITE FEES
EOT LEASE GROSS CHARGE-OFFS - LATE CHARGES
EOT LEASE GROSS CHARGE-OFFS - OTHER FEES
EOT LEASE GROSS CHARGE-OFFS - PMT EXTENSION FEES
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 1
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 2
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 3
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 4
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 5
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 6
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 7
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 8
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 9
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 10
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 11
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 12
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 13
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 14
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 15
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 16
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 17
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 18
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 19
EOT LEASE GROSS CHARGE-OFFS - LEASE FEE 20

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.

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