Reserve Calculation

<< Click to Display Table of Contents >>

Navigation:  Sales > S-1 Enter Sales > Outside Financing Sales >

Reserve Calculation

Previous pageReturn to chapter overviewNext page

Reserve Calculation Methods in Frazer

Frazer can calculate Reserve on an Outside Financed deal in 4 ways :

1.As a Flat Amount

2.As a Percent of the “Amount to Finance”

3.As a Mark-up from Buy Rate to Sell Rate

4.As a Mark-up from Buy Rate to Sell Rate Using the Ratio Method(Only used when your bank requires it)


*Reserve on the Customer Activity Screen


-When you receive a check from the lienholder, you’ll be able to allocate it to either the reserve, or the contract amount when you enter that payment in A) Enter PAYMENTS and Other Transactions.