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	Description
Assets
x	Removes an unwanted line entry when the screen is in edit mode.
#	System generated Asset Sequence number, in order of the Asset Types were entered.
Asset Type	A list of the Asset Types required to select from for a successful application
Asset Value	Enter the value of the nominated Asset Type
Ownership	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'.
Description	Record any useful information about the nominated Asset Type, up to 40 characters.
Total Assets	Calculated fields totalling the Asset Types.
Liabilities
x	Removes an unwanted line entry.
#	System-generated Liability sequence number, in the order the Liability Types were entered.
Asset No	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	A list of the Liability Types required to select from for a finance application
Balance	Record the outstanding amount still owed on the Asset.
Monthly Payment	Record the monthly amount owed to the Financier.
Financier	Identifies the Financier the liability is held with. Required for all Liability Types except 'Tax Debt'.
Payout	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'.
End 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).
Limit	Record the limit available to the employee under the selected Liability Type. Only available for Liability Types 'Overdraft' and 'Credit Card Limit'.
Total Liabilities	Calculated fields totalling the Liability Types.

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