Soft Costs

Soft Costs

Info
See the attached document for details. 

This document is to provide a deeper understanding of Soft Costs:

• What are Soft Costs
• The Economic Impacts of using a Soft Cost
• Display Options for Soft Costs
• Benefits/Disadvantages of using Soft Costs
• Disposal Methods
• Including Soft Costs in Payoffs 

    • Related Articles

    • 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 ...

    • How to build Payments "In Advance" vs Payments "In Arears"

      In ASPIRE, the user is able to build a payment stream with payments "in advance" of the billing period or the user can build a payment stream with the payments "in arears" of the billing period. Please see the attachment for detailed information how ...

    • Inventory Management Example - Mid-Term Asset Return to Inventory

      See attached document for complete details. The attached document illustrates the processing of a mid-term asset return to inventory. Two assets will be returned from a contract mid-term, with one asset then being added to a new contract and the ...

    • How to troubleshoot and track down the configuration location of GL Activity found on a Contract

      Please see the attachment for the detailed information, which is most applicable to ASPIRE v5, versions 5.20.12 and higher. This should help give you a starting point in understanding what configuration to look into when your contract is populating ...

    • Additional Term Allowance

      See attached document for complete details. Attached is a guide explaining how Additional Term Allowance (configured at the Finance Program level) determines the maximum number of months than can be added to a contract term before triggering a credit ...