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Overview
AATC sells “Floor Plan” items, whereas AATC only pays vendors when the units are sold.
These items are serialized new items, for Trailers or Truck Beds.
Some serialized new items are not “Floor Plan”
Used items are never “Floor Plan”
The value of “Floor Plan” items must be presented on the book.
Purchase Order
Add a checkbox, Floor PO, to the Purchase Order.
The Vendors are typically North Point or Wells Fargo.
If the Warehouse = Trailer Nation, the Vendor is usually Wells Fargo.
If the Warehouse != Trailer Nation, the Vendor is usually North Point.
Enter one PO for each serial number.
Receive as usual
When posting WR, create 2 accrual GL Entries:
Inventory - Floor Plan
AP - Floor Plan.
When unposting WR, reverse the 2 accrual GL Entries:
Most of the time, AATC creates PI when the Floor Plan items are sold.
Floor Plan Items Ready to Invoice
It is aa new Item Ledger Entry View
Serial No. != blank
Floor Plan from PO = true
Invoiced Cost = 0
Remaining Qty. = 0
Meaning it is shipped.
AATC should invoice shipped WS asap.
When posting PI, reverse the 2 accrual GL Entries.
When unposting PI, reverse the reversal GL Entries.
Allocate Interest Expenses to Floor Plan Items
AATC needs to pay interest expenses while holding the “Floor Plan” items.
Use the Landed Cost Management module to allocate interest expenses to the WR for the “Floor Plan” items.
May need to add “VIN” or Serial No., to the page where we select WRs.
Sales Order
Create SQ, SO, WS, and SI as usual.
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