The finance module in our system is specifically tailored for appliance rental businesses operating on a cash basis for tax purposes, dealing with scheduled payments on a weekly or fortnightly basis. This documentation will guide you through activating the Finance module, setting up finance payment options for invoices, and utilizing finance reports to manage payments effectively.

To begin using the Finance module, follow these steps:

1. From the main menu strip at the top, navigate to Setup > Preferences > Modules.

2. Check the Finance box.

3. Click Save Changes.

After activation, you will find a Finance report category option under the Reports menu.

When setting finance payment options for an invoice:

1. Create a new invoice or edit an existing one.

2. In the Invoice screen, click the Extras menu at the top right, then select Finance Settings.

3. The Loan Amount will default to the invoice amount.

4. Set the Loan Term (Months).

5. Enter the Repayment Amount the customer needs to pay at each payment interval.

6. Specify the Start Date and Finish Date for the contract.

7. Set the Payment Frequency Interval and Payment Frequency Number based on the payment schedule.

8. Leave the Extended Finish Date blank unless the contract needs extension for late payments.

Utilize finance reports to track payment statuses and expected payments:

• Finance Payments Due (Week Ending): Shows expected payments for a specific day.

• Finance Open Invoices: Displays all active invoices and rentals.

For detailed insights, access these reports under Reports > Finance.

By following these instructions, you can effectively manage finance operations within the system. For further assistance or queries, please refer to our support team.