Lay-By Settings

  1. From the LOTS Main MenuTools Options (see Figure 1.14.1).
    2. Figure 1.14.1

    Figure 1.14.1

  2. Enter in your staff ID (if required) to proceed
  3. From the Options screen, select the Lay-By tab (see Figure 1.14.2).
    4. Figure 1.14.2

    Figure 1.14.2

  4. When the Lay-By options are displayed tick the ‘Enable Lay-Bys’ tick box (see Figure 1.14.2).
  5. Once ‘Enable Lay-Bys’ is ticked all other options will become active.
  6. If you wish to have Lay-By stock dockets printed for items that have been set aside for a Lay-By, ensure the ‘Print Lay-By stock dockets’ tick box is ticked (this option is selected by default).
  7. To set a Lay-By period simply enter the number of months you would like the Lay-By period to be in the ‘Default Lay-By period’ field. The default for this option is 3 months but it is easily changeable.
  8. If you wish you can set a ‘Minimum deposit’ (percentage) for the Lay-By. The default minimum deposit is set to 20% of the items total sale price (see Figure 1.14.3).
    Note: This will display the minimum payment amount in the Lay-By screen
    9. Figure 1.14.3

    Figure 1.14.3

  9. The option ‘Round payments up to nearest’ can be set as required for the Lay-By payments. The default for this option is $1.00, (see Figure 1.14.4). If you do not wish to round a payment amount you may leave this field blank.
    10. Figure 1.14.4

    Figure 1.14.4

  10. To set a minimum payment for all Lay-Bys, enter a dollar amount into the ‘Minimum payment’ field. The default for this option is $0.00 (see Figure 1.14.4).
  11. You will need to set a ‘Payment frequency’. There are three options (see Figure 1.14.5)
    • Weekly,
    • Fortnightly,
    • Monthly.

    Figure 1.14.5

    Figure 1.14.5


    Select the payment frequency you desire. The default for this option is ‘Fortnightly’. A ‘Payment Schedule’ will be calculated based on this option.
  12. The final option to set in the Lay-By Tab is ‘When cancelling Lay-By or removing items from Lay-By’ (see Figure 1.14.6). You have one of two options to set:
    • You can credit the Lay-By customer by placing the value of the payments made onto a debtor account; or
    • You can choose to refund the value of a Lay-By (minus the cancellation fee) to the customer. This is the default option.

    Note: The cancellation fee is by default equal to the deposit, however, this can be changed at the time the refund is to be given.

    13. Figure 1.14.6

    Figure 1.14.6

  13. If required you may set a message to appear on the Lay-By statement. This is generally the store’s Terms and Conditions for the Lay-By (see Figure 1.14.7).
    14. Figure 1.14.7

    Figure 1.14.7

  14. Once all the options are set, select OK (see Figure 1.14.7).

Note: These options can be set or changed at any time via the Tools Options Lay-Byab.