Finance Payment Estimator

• Accounting > Financing > Finance Payment Estimator

If accessing the screen from a sales order or exchange and a plan was indicated on the order, that plan defaults in the Option 1 field (first column) when you initially access the estimator. Depending on your settings, these fields may be either inactive or an active drop-down where you can click the Arrow button to choose the plan from a drop-down list of available plans. If the field is active, the plans displayed in the drop-down must be: valid for the location, you must have access to the plans and location, and a merchant must be set up for the provider. The location is the logon location when coming from a menu, or the selling store when coming from the Enter a Sales Order, Enter an Exchange, or Enter a Shopping Cart processes.

Also available from the drop-down is the NO FINANCING option, which you can select to estimate the payment amount when using a cash or credit card payment with discounts applied.

These fields display as either an inactive static field or an active drop-down list depending on the Allow Changes settings in Warehouse/Store Location Settings and Financing Control Settings.

The default option(s) displayed in these fields depend on the Finance Payment Estimator Defaults settings in Warehouse/Store Location Settings and Financing Control Settings. If the finance plan is pulled from an order, that plan is displayed in the Option 1 field no matter how the Finance Payment Estimator Defaults settings are set.

If accessing the screen from a sales order, exchange, or shopping cart, this amount defaults from the order into all three Order Amount fields in the estimator and can be edited. If accessing this screen from the menu, you must enter the order amount.

The deposit amount defaults from the sales order or exchange into all three Deposit Amount fields in the estimator and can be changed. If accessing from the menu, or from a shopping cart, a deposit amount can be entered. 

Indicate the discount code(s) to be applied. The discount(s) entered here only apply to the information in the Estimator and is not brought back to the order. Click the Action button at this field to access the Enter Subtotal Discount Codes screen, where you can select one or more discounts to be applied. Only subtotal discounts can be applied here; line item-only discounts are not permitted. Discount codes are still checked using existing discount validations. This field is hidden if not applicable. 

The dollar amount of all applicable discounts appears here. This field is updated when the Discount Code is updated; otherwise, this field cannot be edited.

The amount to be financed is calculated and displayed and cannot be directly edited. Changing the Order Amount and/or the Deposit Amount causes this field to be recalculated. 

When using the Estimator from within an order, you can use this button to replace the Payment Type Code on the order. Once another Finance Plan is indicated on the estimator screen, you can click the Select button in the column for that plan. The process returns to the order and replaces the payment type with the finance plan selected. If the payment plan indicated on the order has been approved, a message displays when clicking the Select button on the estimator and the order’s plan is not changed.

When using the NO FINANCING option, this function is hidden.

If a promotional no-interest plan is selected, this field displays the estimated monthly payment amount when paid within the term months.   

The number of term months during which the promotional monthly payment contains no interest is displayed.   

The estimated monthly payment amount, including interest, is displayed. The Full Plan Monthly Payment calculation is based on the term months or a percentage of the balance, as defined in Financing Payment Plan Settings. 

The number of term months used to estimate the plan payments is displayed.  

If you selected NO FINANCING at the Option (1, 2, or 3) field, this field displays the amount of discount being deducted from the Order Amount.

If you selected NO FINANCING at the Option (1, 2, or 3) field, this field displays the payment amount remaining after discounts are applied.

Print or Email Payment Information - Select this option to access the Print Options window, where you can print or email a copy of the information shown on this estimator screen. Click the sample button below to see the format of the printed/emailed information.