This Residual Value Depreciation process gives the ability to step (annually) depreciation over some or all of the periods of a contract. This method may be required if it is decided to depreciate more in the early years than the later years of a contract. This process allows the user to input depreciation on a year by year basis as a percentage value. Standard Residual Value Templates are used to streamline the process and these are stored at variant level. On creating a new agreement the system presents the user with a default Depreciation Template and depending on priority the values may be amend as necessary.
Note: This functionality is enabled by ticking the Stepped Depn? parameter in the General Group Box of the General Tab in System Parameters.
What do you want to do?
To access the Residual Value Templates option :
From the Master Menu, select the Fleet Kompact option and Company required.
The Kompact Menu is displayed.
Select the Miscellaneous Options option.
The Miscellaneous Options form is displayed.
Select the Residual Value Templates option.
The Residual Value Templates form is displayed.
The form is split into three areas. These are the Titlebar, the Products Dialogue Box and the column of Command Buttons down the right-hand side of the form.
In addition to displaying the form name the Title Bar provides a number of useful buttons.
To create a new Residual Value Template select the Create Command Button.
Franchise: Immediately to the right of this field use the
button to select the required manufacturer for which an annual percentage residual value depreciation is to be entered.
Model: Immediately to the right of this field use the
Tip: Leaving this field blank denotes that the annual percentage residual value depreciation is applicable to all models for the selected manufacturer.
Variant: Immediately to the right of this field use the
Tip: Leaving this field blank denotes that the annual percentage residual value depreciation is applicable to all variants for the selected model.
Percentages
Year: The year for which the annual depreciation percentage is applicable.
Percentage: Single-left-click in the Percentage column of the depreciation grid against the required year (up to 10 years may be entered) and enter the required annual depreciation percentage.
Repeat this procedure for each year that is to be defined.
COMMAND BUTTONS:
A number of command buttons are available. Some buttons are context sensitive and are greyed-out and only become available dependent upon the particular process that is being accessed. The full list of command buttons is as follows:
Exit: Exits the current form and returns to the Miscellaneous Options Menu.
Help: Provides online access to a context sensitive Help form.
Create: Enables the creation of an additional record. Mutually exclusive option buttons allow this to be done in one of the two following ways:
Blank: Used if a new record is to be set-up without utilising existing criteria.
Copy: Copies the values within an existing "nearest match" record so that only required values need be edited.
Amend: Provides the facility for editing the set-up options of the current record. No edits can be made to a record until the Amend command button has been selected.
Delete: Deletes the currently selected record.
Confirm: On first accessing the form this command button is greyed-out. Following selection of the Amend button the Confirm option then becomes available to enable any edits to be confirmed.
Cancel: On first accessing the form this command button is greyed-out. Following selection of the Amend command button the Cancel option then becomes available to enable any edits to be cancelled.
Message: This is not a command button. This box is a way of displaying messages with regard to the status of the current record e.g. "Record Secured OK"
Ad-hoc: Selection of this button displays a further form that provides an Ad-hoc Report Generator for the creation of quick query reports to form.
Setup: Selection of this button displays a further form that provides an itemised display of all the selection criteria for the current record.