Adding and Booking a Contract in ASPIRE
See the attached document for complete details.
The purpose of the attached How to Guide is to show a generic example of how one can go about adding a contract to ASPIRE, and subsequently how to book that contract.
Note: This document outlines only the most basic way in which to add and book a contract. ASPIRE facilitates a myriad of different ways to add and book contracts depending upon your given business process. You can work with your Implementation Specialist to cater a more specific user guide based on your booking processes.
Adding a Contract in ASPIRE
Table of Contents of Attached Document
Financing and Adjustments
Book the Contract
Contract Modification - Adding Equipment
Midterm Contract Modification – Asset Addition A typical midterm contract modification would be required in the event a customer would like to add accessories or additional equipment to the lease. Before you begin any modification, you need to ...
How to build a new User in ASPIRE v5
See Attachment for detailed information on each step BASICS: 1. Build a new Account 2. Fill out the Login screens for that user, which will assign them to an existing Security Profile 3. If the user needs to be able to process Payments, ...
Validation Error upon booking Assignment Debt Note: G/L accounts not set up
Validation Error upon booking Assignment Debt Note: G/L accounts not set up What does it mean when I receive the following error when attempting to book an Assignment Debt Note record? This means that the Funding Source attached to the Assignment ...
Suspending Residual Earnings on Sold Contract in ASPIRE
Suspending Residual Earnings on Sold Contract in ASPIRE When a lease is sold to a funding source with the residual retained, FASB ASC 860 states that the lessor cannot recognize earnings on the residual until maturity ...
ASPIRE Training Video Inventory
The following is a list of training videos available in this Knowledge Base. Be sure to browse the Category for additional information related to your topic. Accruals/Earnings Processing Earnings This video shows the different methods of processing ...