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
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
LeasePak Documentation Suite
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