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General Finance Setting
The Reseller Admin Control Panel
allows you to customize various finance parameters as follows:
- Login into your Reseller Admin CP at
http://lucentone.myorderbox.com/reseller.
- Click on Settings -> Finance & Billing -> General Settings.
- Modify all the information in the form to suit your needs. The various fields
in the form are explained below:
- Selling Currency and Accounting Currency:
Selling Currency represents the currency in which you
wish to sell your Products to your Customers and Sub-Resellers, whereas
Accounting Currency represents the currency in which you maintain your books
of accounts in your Country.
Click here to
read more about Selling and Accounting Currencies >>
Modifying Selling Currency / Accounting Currency:
- Click the To change the currencies
above click here >> link.
IMPORTANT
- It is important that you select the Selling Currency and Accounting Currency carefully at
the time of signing-up as a Reseller. If the need arises, you may modify the
Selling and/or Accounting Currency as long as there are no transactions
performed within your Reseller Account.
You will encounter the below error message in case any Transaction has
already been performed within your Reseller Account -
You have some transactions in your account and
therefore you cannot change your currency now.
- If your Reseller
Account already has Transactions associated with it and you wish to conduct your
business using some other Currencies, you may create a Sub-Reseller Account for
yourself with the preferred Currencies, under your Main Reseller Account. Your
Main Reseller Account with Lucent One Solutions needs to be Credited with actual funds.
You can then add virtual Funds to your Sub-Reseller Account and conduct your
business through this Account.
- Select the desired Selling Currency
/ Accounting Currency.
- Submit the modification by clicking the
Proceed button.
- Currency Conversion Rate: This represents the
conversion rate
between your Selling Currency and Accounting Currency. If you have chosen a
different Accounting currency from your Selling Currency, the system will also
automatically calculate your Forex Gain/Loss per transaction for you.
Alternatively, you can keep modifying this value on a regular basis to represent
the accurate conversion rate between your Selling Currency and Accounting
Currency. This can be enabled by selecting the checkbox adjacent to I
would like to Maintain the currency exchange rate myself.
- Funds Threshold Level: Set this to a comfortable amount such that
the the System notifies you when Funds in your Reseller Advance Account drop
below this level. For instance, if you set this to 100 in your Selling Currency,
then each time your funds drop below 100, you will get an e-mail to replenish
your funds.
- Minimum Transaction Amount: This is a very useful feature which
allows you to specify a minimum amount below which your Customers and
Sub-Resellers will not be
able to pay/add funds using any online payment option. This is useful when you
do not wish to allow your Customers and Sub-Resellers to transact small amounts by online methods.
Minimum Transaction Amount for making Payments: By setting a value greater
than zero in this field, you can restrict your Customers from paying for
Invoices/Debit Notes of lesser amounts.
Minimum Transaction Amount for Adding Funds: By setting a value greater
than zero in this field, you can restrict your Customers and Sub-Resellers
from adding funds into the system of lesser amounts.
- Turn on the generation of Risk Assessment Reports: By default
this feature is turned on, as a measure to mitigate fraud when receiving
funds from your Sub-Resellers and Customers via any of the following Payment
Gateways:
- Authorize.Net Credit Card Gateway
- VeriSign Payflow Pro Credit Card Gateway
- PayPal Direct Payment API Gateway
- Payment Page Information: Apart from various online payment gateways that you can setup to receive
payment/funds, you may also choose to receive payment/funds via offline methods. Should
you choose to do so, you would need to display various methods by which your
Customers and Sub-resellers can make offline payments, such as your Postal
Address, instructions for mailing a Cheque or Wire Transfer information. All
such information can be submitted here.
Here, you would find 2 text-boxes in which you can submit the Payment Page content
(in HTML). You may submit separate instructions for your Customers and Sub-Resellers, which would be presented to them on the payment page, before settling Invoices or adding Funds from their respective Control Panels.
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