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 ...
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 ...
See attached document for more details. ADB: Actual Daily Balance. A type of loan where the date of payment received affects the amount of interest paid each period. Earnings schedule of interest set at time of booking The date of payment received ...
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 ...
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 ...