Finance Agreements

When a policy has been bound and invoice sent out, the client phones in to ask if it can be put onto a direct debit / finance plan and this is how to do it ...

This action can only be done by those with the Financial Permission role.

The Finance Agreement can be created at both Client and Accounts pages. If the client has multiple policies - they can all be done at the same time.

On the Accounting Dashboard, under "Invoices > Awaiting Payment" choose the client and go the three dots at the end of the row.

Click on "Create Finance Agreement" and a new pop up will appear on the screen -

All of the information in here will already have been put in at the Setting Level - see the following article for help with that section if required:

Once you have checked all of the information, press the "Create" button on the bottom right hand side.

This will then show an Outstanding Balance of the Deposit amount.

Once that deposit has been taken the remaining balance will be found under Reconcile > Finance Providers

From there it can be reconciled with the finance company.