Selection of the Postings Tab displays a visual representation of the financial postings for the agreement initiated via the Postings icon from the Accounting Menu. The information displayed in this form cannot be edited.
To access the postings tab:
From the Master Menu, select the Fleet Kompact option and Company required.
The Kestrel Kompact Menu is displayed.
Select the Contract Management option.
The Contract Management form is displayed.
Select the 
icon.
The Contract Search form is displayed.
Enter the appropriate information to locate the required agreement.
Select the 
icon.
Select the 
shortcut from the menu on the left of the form.
The contract management Agreement Tab is displayed.
Select the Postings Tab.
The Postings Tab Dialogue Box contains the following fields:
Period: The period in which a posting is to be made. 0 (zero) denotes the initial payment and the periods starting with 1 relate to the Regular rentals and Budgets.
Date: The Month and Year the postings are to take place.
Odometer: The calculated allowable odometer mileage.
Payment Profile: The required payment profile for the given Period e.g. 3/33/2 (M).
As and when the payments are posted via the Postings routine the line(s) posted are marked with a green tick.
1st Product Split (Finance): Displays the description and values for the first product split. (Also displays the VAT method - e.g. Standard - in parentheses).
1st Product Split (Finance) - Description: Displays the first product split description (typically Finance)
1st Product Split (Finance) - Total Value: Displays the first product split total rental value.
1st Product Split (Finance) - Regular Value: The system then displays the first product split regular rental value for each period within the agreement.
2nd Product Split (Service): Displays the description and values for the second product split. (Also displays the VAT method - e.g. Standard - in parentheses).
2nd Product Split (Service) - Description: Displays the second product split description (typically Service)
2nd Product Split (Service) - Total Value: Displays the second product split total rental value.
2nd Product Split (Service) - Regular Value: The system then displays the second product split regular rental value for each period within the agreement.
Note: This grid can hold up to six lines of product splits e.g. Insurance, etc. Lines are only displayed if the product split is applicable. The product split description, total rental and period rental values are displayed for each line.
Total Rentals: Displays the total values for the product. This line is displayed in blue text.
Total: Displays the total rental value (i.e. the sum of all the product splits total values).
Regular Total: Displays the total regular rental value (i.e. the sum of all the product splits regular rental values).
Budgets: Displays the description and values for each budget.
Budget - Description: Displays the first budget description (e.g. Maintenance)
Budget - Total Value: Displays the first budget total value.
Budget - Regular Value: The system then displays the first budget regular value for each period within the agreement.
Note: This grid can hold all applicable budgets e.g. Motor Club, Additional RFL, etc, etc. Lines are only displayed if the budget is applicable. The budget description, total and period values are displayed for each line.
Note 2: If the Use escalate calculation method? checkbox is ticked in the Escalate Tab of System Parameters then additional fields are displayed showing values derived by means of the new methods of depreciation. The additional information relates to Net Book Values, Instalment Profit and Interest Rates. Historic, present and future net book values are displayed for each type of depreciation: Customer finance; Lease income; and Contract depreciation and Tax depreciation (these fields are Contract balance, Cost NBV, NBV and Tax NBV. Kompact also shows the Instalment Profit and Instalment Profit % fields. Instalment profit = Selling instalment - Cost instalment. Instalment profit percentage = (Instalment profit / Selling instalment) *100. The interest percentage is held and displayed separately for: Customer finance; Lease income; Contract depreciation and Tax depreciation - the interest rate is the same for both - (the Interest rates fields are: Customer Finance %, Lease Income %, Contract Depn % and Tax Depn %.
The scroll bar to the right of the form enables the viewing of any budgets that are not currently displayed within the form.
Note:
Period: The period in which a finance posting is to be made. 0 (zero) denotes the initial payment and the periods starting with 1 relate to the Regular rentals and Budgets.
Date: The Month and Year the finance postings are to take place.
Repayment Profile: The required finance Repayment profile for the given Period e.g. 3/33/2 (M).
As and when the Repayments are posted via the Postings routine the line(s) posted are marked with a green tick.
Repayments: The required finance Repayment for the given Period.