A right to cure letter is a letter from a lender to a borrower after the event of a default or delinquency occurs on the contracted loan terms. Unfortunately a right to cure letter is a necessity in the lending industry. Second only to understanding what one is, would be....
Usually when one owns a car dealership, a service department is an integral part to the sales and success of the company. Fortunately, Deal Pack has the one stop shop where service, sales and even the finance company come together to create one or many unique companies each adding their....
As another year has come to an end, and the accountant’s workload has picked up with closing the books and tax reporting and preparation. It is important to remember that in addition to provide W-2 to your employees, you must also provide 1099 MISC for payments made in the course of your business. Any....
In today’s BHPH industry, joining a Twenty Group can offer opportunities for you to run a better business. Whether you are a dealer who is struggling or prospering, joining a Twenty Group can only make you better. Not only do you get support from fellow members but you also get....
The advantage of real time accounting gives Deal Pack customers the ability to pull accurate Financial Statements at the drop of a hat. Even if you have minimal knowledge of accounting principles, it’s easy enough to figure out that the Balance Sheet shows your assets and liabilities, and that the....
Usually, when you set up recurring credit card payments within Deal Pack, you would set these up ahead of the payment date for the ease of not having to worry about it in the future. Occasionally, you will have a customer that comes in to make a credit card payment....
Effective December 15, 2013, up to $2,000 of trade allowance is exempt from sales tax. This will provide a sales tax reduction up to $120 for purchasers in 2014. The exemption limit will increase by an additional $500 each year, beginning January 1, 2015. The trade-in must be used as....
Are you always forgetting to run your financials on the last day of the month? Does the last day of the month fall on a weekend and you have to leave home to print all the reports? Well, have no fear because BookItOut is here. Deal Pack now exports DAILY…....
To make the decision on which DMS software is best for your company is no easy task. An important factor in your decision not only lies in the software itself but in the interaction between the software and your customers. A big part of this interaction is in the contracts that are signed....
If you are a finance company that wants to offer more incentives to dealers selling you loans, then this is for you. There are several different options available to you in Deal Pack, giving you flexibility when buying contracts. Dealer participation. Dealer participation is where you, the finance company,....