This form details the process for creating a typical normal or early termination.
What do you want to do?
The following step by step process should be followed:
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.
The Contract Management form is presented displaying the Termination Tabs.
Completing the Termination Type form
Select the 
icon (or the Terminate Contract option from the Tools menu).
The Termination Type form is displayed.
Either select the Normal or the Early radio/option button and select the Next command button.
If the Early radio/option button is selected then the Early Termination form is displayed.
Accept the End Date and the Early Term charge values or amend as necessary. Apart from the Early Term charge field being populated the other details are the same whether the termination type is either Normal or Early.
Note: If the Use escalate calculation method? checkbox in the Escalation Tab of System Parameters is ticked then the default Early Term Charge value on early terminations reflects the current outstanding capital i.e. Actual Capital Cost (the initial purchase price held in the Financials Tab) less Contract depreciation. The contract depreciation is the contract (customer's) capital reduction to the date of the last depreciation.
Select the Finish command button.
The status of the agreement changes to Terminated.
The Termination Tab is displayed.
Accept the default Quoted End date or amend as necessary.
Enter the Actual End date.
Enter the Stolen/written off date if applicable.
Accept the defaulted Est. End odo and Last odometer values or amend as necessary.
Accept the default Last odo dated date or amend as necessary.
Enter the Final odometer reading if applicable.
The Excess or Under distance is calculated.
Click into the Charges column and Enter the charges values as and where applicable.
Select the 
icon.
The Termination charges form is displayed.
In the central column tick the charges to be invoiced.
Select the Post command button.
Accept (or edit) the posting date, select the required printer and select the OK command button.
