Using accounts for floorplan liability and floorplan stock enables you to upload floorplan trust receipts and track your floorplan position in Xero. 


Setup

  1. Create Current Asset for Stock On Hand New Units Floorplan
  2. Create Current Liability for Floorplan Liability
  3. Set these accounts in your Xero Integration Settings
  4. Enter your floorplan opening balance:
    1. Create a journal
    2. Upload bill/trust receipt for each unit in stock - Integration Settings\Sync History


How it works

  1. When you receive a floorplan unit into stock, you are prompted to upload the trust receipt/bill to Xero. 
  2. This bill is a journal and will increase your floorplan stock and liability.
  3. When you purchase the floorplan unit, another bill is uploaded to reduce your floorplan liability.


If you purchase the unit before it is sold, EVOPOS will also journal the stock from floorplan stock to new units stock.