The income report gives a financial breakdown of Buy-Here/Pay-Here loans.
The report will show the customer, origination date, amount originally financed, principal paid to-date, current balance, interest paid to-date, cash down and trade value, late fees paid to-date, vehicle costs, and the expected amount of payments remaining.
All of these numbers add together to give you a current profit as well as an expected profit over the life of the loan.
To print the report, click the Income Report button.
The system will display the Buy-Here/Pay Here Profit Report options window.
Selection Criteria Tab
The Selection Criteria tab lets you select the data to be viewed on the report.
Select the types of payments you wish to view on the report. They can be weekly, bi-weekly, semi-monthly, or monthly.
Select the loans you want to show on your report. You may specify loans which were created or originated during a specific time period, or you can choose to show all loans.
Select the payments/charges for each loan you wish to show on your report.
For example, suppose you want to show your accountant a report of all payments or charges for loans that occurred within the past year. You would select to show all loans, and then select transactions from January 1st of last year through December 31st of last year.
You also have the option of showing all payments that have occurred on the selected loans.
Select to include specific loans and/or transactions for specific salespeople on the report or leave blank for all salespeople.
There is an option to include or exclude the original amount financed and current balance of each loan.
Sort Order Tab
The Sort Order tab allows you to sort your report based on the criteria selected here. There are up to three levels of sorting.
Click the down arrow to display a pull-down menu of field choices:
➢Loan number
➢Customer name
➢Payment frequency
➢Salesperson
➢Origination date.
Enter the sort direction. Click the down arrow to display a pull-down menu of field choices:
➢Ascending (a, b, c, … )
➢Descending (z, y, x, …)
Report Format Tab
The Report Format tab allows you to choose the proper format for your report.
Select the page size for your report. Click the down arrow in the Page Size box to display a pull-down menu of choices.
Select if you want to view and print the report in a landscape format. If the Landscape box is not checked, the system will assume a portrait format.