A couple of exotic scenarios with floorplan and finance exist if floorplan + finance provider are one and the same they may wish to bundle their transaction so only the difference is paid to the dealership.

Shared Finance + Floorplan

Consider sample unit. cost is 12500 + GST to dealership. Total floorplan is 13750.

We sell the unit where changeover including onroads is 15999.  The Finance company is same and $1000 deposit is left.

So finance company will provide dealer is 14999, but finance company have floorplan for 13750.  They may only provide the difference, e.g. $1249 in above example. Or in case where floorplan owing exceeds amount financed, take the amount financed off floorplan, leaving some smaller balance still owing on floorplan.

At this time c9 does not recognise the link between the floorplan provider and finance company. So you still need to treat txn as being handled separately.

Two steps In case where finance exceeds floorplan.

• Pay out floorplan of 13750.  (Units -> Units -> Payout)
• Record 13750 : value of floorplan as an invoice payment from customer. Record payment instrument using an instrument that represents the bank. (Setup -> instruments)
• Record 1249 as payment on account. Record payment instrument as direct deposit.

Txn list for finance company will resemble this.

For scenarios where finance amount is less than floorplan owing.  Scenario is tweaked slightly.  Example below. (Same invoice above but deposit taken from customer is $3000)

Floorplan differences vs finance is now 12999 to 13750. So dealer owing outstanding floorplan balance of 751. To record this one.

• Record txn similar to above. Example 12999 is recorded as floorplan offset in full against the account. e.g.:

 

Now on the units we record two floorplan payments. A curtailment equal to value financed, then we do the final payout after this.

• Units -> Add Floorplan : Add floorplan costs for $12999.

Then select payout to see balance which you still owe finance company.