What effect does the true value figure have?
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Contents
Summary
The following article explains what effect filling in the "True value" field on the [Purchase] tab of a vehicle stock number.
 | WARNING: If your parameters are not set correctly the expense postings outlined in this article will not be posted. If this is the case Contact your Platinum dealer or our support team on 0116 230 1500 or by using our website support contact page and they will be happy to help. |
More Information
On a default Platinum setup when the "True value" is entered on a vehicle record the system behaves differently depending on how the vehicle in coming into stock.
In all cases the the system will post an automatic vehicle expense for the difference between the actual "Purchase Price" and the "True value".
On a "Standard" Vehicle Purchase
If the "True value" is entered against a vehicle being purchased direct from the customer, the expense will be posted against the vehicle being purchased, thus effecting the overall cost on this vehicle.
 | PLEASE NOTE: The vehicle price you enter here should always be Nett of V.A.T. |
On a Vehicle Purchased as Part of a Part Exchange Deal
If the "True value" is entered against the vehicle being purchased as part of a part exchange deal, the expense will be posted against the sale vehicle, thus effecting the overall cost on this vehicle.
| PLEASE NOTE: The vehicle price you enter here should always be Nett of V.A.T. |
See also
