Funds

Funds Section

The Funds section of the report enables you to show Drivers a complete picture of the cash position of their lease. It displays:

• Funds expected: the total value of billed budgets including GST

• Funds received: the total value of Pending and Posted funds receipted against the contract

This can be shown in two different ways and is controlled by a Global Control called driver_reports_use_receipting_tables_flag. If set to 'yes' the Receipting calculation is used, if set to 'no' the Billing calculation is used.

1. Receipting calculation (Catch-e's recommended method)

All payments made during the reporting period of the report will be shown as Funds received; this will match the value applied in your accounts.

2.Billing calculation

Any payments attributed to invoices billed before or during the reporting period are included in Funds received, any On Account receipt entries made before or during the reporting period are also included.

• Funds variance - Funds received less Funds expected to show Total Outstanding (this is a debtor value).

• Current funds balance - Funds expected less Budget/actual cost variance to show Current funds balance (this is the total owing/owed by the Driver at this time).