4.6.6 Passthrough Fees

'Passthrough' in financial term refers to a portion of a payment made to a vendor for specific service. This amount is basically collected by lessor from a lessee and is passed to vendor. For example, maintenance fee paid to a vendor for servicing/maintaining photocopier in corporate office based on a service agreement. Here, the corporate office (lessee) pays to the supplier (lessor) and is transferred to vendor.

This sub screen allows you to define Passthrough Fee definition which is used in evergreen lease contracts.

To set up Passthrough Fees

1. Click Setup > Setup > Administration > User > Products > Contract > Lease > Passthrough Fees.
2. In the Passthrough Fees section, perform any of the Basic Operations mentioned in Navigation chapter.
   A brief description of the fields is given below:

   Table 4-23 Passthrough Fees

   Field	Do this
   Balance Type	Select the required account balance that is enabled for vendor pass through from the drop-down list. The list displays all the 'FPMF (Fee Periodic Maintenance Fee)' balances attached to the contract fee type.
   Disbursement Type	Select the type of passthrough disbursement type as either Billing date or Full Fee Receipt from the drop-down list. Note: System supports only Full Pass through and not Partial. .
   Passthrough %	Specify the passthrough percentage to be processed.
   Retaining Bal Type	Select the lessor retention balance type from the drop-down list. The list displays all the balances attached to the contract for selection.
   Enabled	Check this box to enable the Passthrough feed definition.

3. Perform any of the Basic Actions mentioned in Navigation chapter.