Third-Party Add-Ons For TURBO-Lease™

TURBO-Lease™ lessor accounting software supports a variety of third-party add-on modules.

Omni Fund Online Billing

ACH / EFT /PAP Processing

Emailed Billing

Asset Tracking

Notes Payable

Simple Interest Loans

OmniFund Online Billing

TURBO-Lease is fully integrated with OmniFund which provides recurring billing against a customer’s bank account or credit card. The OmniFund web portal also allows you to create invoices that are automatically emailed. A payment portal can be placed on your website. As payments are received, they are consumed by TURBO-Lease and applied to each lease.

ACH / EFT / PAP Processing

Using this module, you may create and upload a payment file to your bank. For the US, NACHA standard ACH rules are followed. For Canada, the 80 byte and 1464 byte layouts are supported for most major banks.

Emailed Billing

This module allows TURBO-Lease to print traditional paper billing to a product named PDF-eXPLODE. PDF-eXPLODE then emails the billing to the customer. The product uses your current email application to produce an email with a billing as a PDF attachment. This is a great option for ACH notices or to save time emailing bills.

Asset Tracking

This module is designed to track your multi-asset leases. Record all the information about an asset such as description, model number, serial number, vendor, cost, UCC file dates, insurance information and location. This module also provides asset specific reports. There is a depreciation report to track depreciation. There is a asset location report that is to be used for the reporting of property tax. There is a UCC expiration date report to track UCC information. If the asset is sold, simply record the sold date and sold amount, and a report will provide a gain/loss calculation.

Notes Payable

Use this module to track notes payable to a funding source that has a fixed term and rate. Enter in the start date, term, principal, total payable and a payment schedule will be created. Many leases may then be assigned to a note. There are additional reports to reflect the amortization of the note, payable, principal, interest, and the note to lease relationship for comparison of cash flows.

Simple Interest Loans

Leasing and lending are similar enough, that this module will allow TURBO-Lease to service simple interest loans. A cash amortization report will display traditional principal and interest application as payments are received. A 365 day calendar is used. The interest rate may be adjusted as the loan progresses. This module also provides a monthly interest income report and the ability to assess late charges.