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By Deal Pack - October 26, 2012
Recently I was asked from numerous customers how they should handle payoffs that are more than the current payoff. Typically I tell customers that they can split the payment up into 2, one being the payoff and then applying the rest to some other liability account. However we also have an over payment features in Dealpack that allows you to take an overpayment as long as you have a G/L control setup in your parameters. Just enter what liability account you want and you are good to go.
Ex. Customer owes you $4998 and the check from the insurance company or bank is for $5010, when you enter the $5010 it will ask your if you wish to apply the $12 as an overpayment. So know you have one receipt to enter for the customer of $5010. To refund the customers the difference in this case $12 just go into check writer and check the box labeled customer refund. You will see that customers name and you can cut a check to him/her.
Call Dealpack Support if you need help setting this feature up and step by step instructions.
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Advanced Business Computers of America (ABCoA) develops and supports end-to-end software solutions for the subprime finance industry. Since 1983,
we have helped automotive dealerships and finance companies eliminate duplication, remain compliant, and achieve success with dependable, all-in-one software and white glove service and support.
Deal Pack is a complete, all-in-one software ecosystem customizable to your exact needs and scalable to your exact size - helping improve your operations, grow your business,
and solve the challenges you face. Whether you are a finance or sales company, multi-entity or publicly traded company handling BHPH or LHPH, operating or capital leases,
internal or external floor-planning, retail, rentals, consumer loans, origination, or seasoned paper, Deal Pack is the dependable software for mission critical operations.
Deal Pack handles all of your business needs transparently – providing you measurable improvements and complete financial control, saving you time,
increasing your bottom line, and allowing you the freedom to focus on your daily operations. Deal Pack is relied upon by thousands of customers across
all 50 states in the United States and six countries around the world. Customers properly using Deal Pack have never lost an IRS audit.
To learn more about ABCoA, visit www.abcoa.com.