You may optionally track the monies collected upon delivery of a vehicle by activating the Collections At Delivery section of 7-Wrap Up screen.
To activate this option, click on the 'Maintenance' tab in the top horizontal tool bar. Select 'Dealership Information', then click on the Deal Entry tab. Check the box labeled Display Collection Information found in the lower half of the window, then click OK so save the setting.
A section will now appear in the center of the 7-Wrap-Up screen, allowing you to enter amounts taken as down payment for the vehicle such as cash, personal check, cashier check, etc.
Enter the appropriate amounts into their corresponding boxes. Once you have collected all outstanding monies, your ending balance should be zero.
Entering a cash amount over $9999.00 will enable the IRS Form 8300 button. This button opens the IRS Form 9300 PDF to be used for the reporting of cash transactions $10,000 and larger as required by the Internal Revenue Service.
