Employees: Assets Liabilities

Overview

Enter the assets and liabilities of a Novated Lease applicant when you are catering for package employees.

These records are used in the Maclease Partner interface only.

For all other financiers, continue to populate the employee's assets and liabilities in the Employees / Finances tab.

Visit Drivers / Assets & Liabilities for the driver version of this page.

Field Descriptions

Screen Name	Type	Description	[table]field
Assets
x	Num	Removes an unwanted line entry when the screen is in edit mode.
#	Num	System generated Asset Sequence number, in order of the Asset Types were entered.
Asset Type	List	A list of the Asset Types required to select from for a successful application	[fm_finance_asset_types]name.
Asset Value	Num	Enter the value of the nominated Asset Type	[fm_driver_assets]amount
Ownership	List	Records whether the nominated Asset Type is fully owned by the employee (Debt Free) or not fully owned (Debt Owed). If you select 'Debt Owed', a matching liability record is created for you to finish populating. Does not apply to the Asset. Types 'Cash in Bank', 'Furniture' and 'Superannuation'.	[fm_driver_assets]ownership
Description	Text	Record any useful information about the nominated Asset Type, up to 40 characters.	[fm_driver_assets]description
Total Assets	Num	Calculated fields totalling the Asset Types.
Liabilities
x	Num	Removes an unwanted line entry.
#	Num	System-generated Liability sequence number, in the order the Liability Types were entered.
Asset No	Num	The Asset No of the Asset Type linked to the selected Liability Type. Where more than one Liability is linked to the Asset, the drop list remains available so the Asset No can be linked manually. Where the Liability has no link to an Asset, leave this field blank.
Liability Type	List	A list of the Liability Types required to select from for a finance application	[fm_finance_liability_types]name
Balance	Num	Record the outstanding amount still owed on the Asset.	[fm_driver_liabilities]amount
Monthly Payment	Num	Record the monthly amount owed to the Financier.	[fm_driver_liabilities]monthly_repayment_amount
Financier	List	Identifies the Financier the liability is held with. Required for all Liability Types except 'Tax Debt'.	[fm_finance_liability_financiers_type_mappings]interface_mapping_code
Payout	List	Request a payout from Maclease for the nominated Liability Type. Only available for Liability Types 'Recreational Asset Loan', 'Motor Vehicle Loan' and 'Plant and Equipment Loan'.	[fm_driver_liabilities]liability_payout_flag
End Date	Date	The date the payout is due. Optional; if entered, it must be greater than or equal to the date the application is submitted (today's date).	[fm_driver_liabilities]liability_end_date
Limit	Num	Record the limit available to the employee under the selected Liability Type. Only available for Liability Types 'Overdraft' and 'Credit Card Limit'.	[fm_driver_liabilities]liability_limit_amount
Total Liabilities	Num	Calculated fields totalling the Liability Types.