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22. Print Charge Account Contract

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After printing one of the cash receipts described above, you can print a separate contract if the sale was a Contract Charge Account sale. If you want to be able to print these contracts, you have to turn this option on from the Customize Half-Page Receipt Screen from the Store Information Defaults Section of the program. That is also the section of the program where you can design your contract. You can type in the words that print, the location of the name and address, and specify where the various numbers (amount financed, interest, number of payments, etc) print. If you have turned this option on, then after each charge or layaway sale, you will see the following question:



Do you want to print an Installment Charge  Accoun t Contract? Yes No  <Esc>=Quit




If you choose <Y>, the following worksheet will appear on the screen.




│  PRIOR BALANCE: ______.__│

│   AMT FINANCED: ______.__│

│ FINANCE CHARGE: ______.__│

│                 ═════════│

│    NEW BALANCE:      0.00│

│        PAYMENT:      0.00│

│   NO OF MONTHS:  12      │

│  FIRST PAYMENT:  12/31/09│

│   LAST PAYMENT:  12/31/09│





The customer’s total balance will appear, and includes any previous balances if applicable. Based on the interest rate you charge contract customers (see Accounts Receivable Defaults) and the standard number of months that you carry an account, the Monthly Payment amount will be calculated. If you want, you can change the number of months and the first payment date, and the program will re-calculate the monthly payment plan.


Next, in the space below, you can type in some notes for this particular contract:



┌ NOTES: ──────────────────────────────────────────────────────────────────────┐

│                                                                              │

│                                                                              │





Then you can print out a copy of the contract. Depending on how you designed the Jewelry Shopkeeper’s contract, you can print on plain paper or a pre-printed, fill-in-the blanks contract.



  Do you want to Correct this information or Print the contract?  <Esc>=Quit