If your company is in lease management and most of the recipes on mortgage payments based Style (capital and interest), such as truck rental, small mortgage specialist equipment industry related to leasing options, in this little section where we assume that your current position (or proposed for implementation) Corporate ERP system Microsoft Dynamics GP, formerly known as the Great Plains Dynamics, Great Plains eEnterprise or accounting. Similar functions should in other mid-market and small business ERP applications like SAP Business One, for example, but in our case, we will focus on Dynamics GP: is

1. Customer Management Module of regular payments. Leasing business logic is in the Great Plains of the box provided. It is in the RM-module in the form of regular payments. When the trial version of GP, or if you have your production system, open transactions -> Sales -> Regular Payment then select one of the AR to create customer invoices payment plan and to see depreciation of its data to interest in the data (eg monthly), the principal amount. in the payment and the balance principle

2 Financing costs. Suppose your customer pays a monthly rent or mortgage, for example, within 10 days and allow you a grace period of one week (7 days). Now see this scenario, you should assess the financial costs before payment of the customer to the regular payment of bills of origin, if you apply automatically -. there is no reason for Dynamics GP to the client as a fee (as technically you have decided to apply for the test account that you probably OK, this delay means check finance charge). If you still want to implement automatically on payment of the invoice, you need special custom report (reporting tool would be for Crystal Reports, SSRS good), compare where to Accept date of maturity plus the grace period and if payment is overdue in this formula, you too show that customer, invoice, and payment dates in the report and the report that you generate manually financing costs

Dynamics GP

3 Interest, the principal report. You’ll probably need custom Crystal reporting, and shows you the details on the range of orders (expected number of payment). The report design is not really difficult, you must have your expectations

4. ePayment and independent Internet service to existing customers. It is always wise to your customers, an independent Internet service (compared to the good old days of option you will receive paper checks) to connect to where the client can see the current account (and possibly financing costs, or other type of costs) and have the opportunity, by credit card (CC today to pay dearly, you can choose to apply a convenience fee), debit card or bank account. You can decide to add something and make your Dynamics GP advanced e-commerce website style the most, but we think the idea is communicated

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