---
schema_version: "1"
id: b13f9d55f6292fc863eee3d0bbc7b57632fc1644aac3c89ef9736f34a91b2eca
title: Create Financial Accounts in Automotive Cloud
collection: admin
version: current
locale: en-us
portal_url: https://docs.salesforce.com/admin/current/en-us/ind/264-0-0/auto_financial_accounts.md
canonical_url: https://help.salesforce.com/s/articleView?id=ind.auto_financial_accounts.htm&release=264.0.0&type=5
source_site: help.salesforce.com
content_type: documentation
content_hash: 9579bebe88cb3ca988f99ed6e7515271c2492974bed21ff2becded4e3affd70d
description: Use Financial Account records to track the automotive loans and leases related to your captive finance customers. Track the down payment amount, principal amount, and interest rate for each loan or lease. Easily identify the past due amount and outstanding payment amount so that you can engage your customers with timely alerts. In Automotive Cloud, you can create financial accounts for loans and leases that finance vehicles and other types of assets.
products:
  - Automotive
release: "264"
---
# Create Financial Accounts in Automotive Cloud

Use Financial Account records to track the automotive loans and leases related to your captive finance customers. Track the down payment amount, principal amount, and interest rate for each loan or lease. Easily identify the past due amount and outstanding payment amount so that you can engage your customers with timely alerts. In Automotive Cloud, you can create financial accounts for loans and leases that finance vehicles and other types of assets.

### Required Editions

<table class="slds-table slds-table_bordered slds-max-medium-table_stacked slds-m-bottom_small edition"><colgroup><col></colgroup><tbody><tr class=""><td class="slds-cell-wrap" style="vertical-align:top;">Available in: <strong>Enterprise</strong>, <strong>Unlimited</strong>, and <strong>Developer</strong> Editions.</td></tr></tbody></table>

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            <th scope="colgroup" class="slds-cell-wrap" colspan="2" style="text-align:center;vertical-align:top;" id="d146146e63">User Permissions Needed</th>
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            <td data-label="User Permissions Needed" class="slds-cell-wrap" style="vertical-align:top;" headers="d146146e63 ">To create financial accounts:</td>

            <td class="slds-cell-wrap" style="vertical-align:top;" headers="d146146e63 ">Use Vehicle and Asset Finance</td>

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Typically, you import your data for financial account transactions and financial account statements from external captive dealer management systems or banking applications.

![Note](https://sf-zdocs-cdn-prod.zoominsoftware.com/tdta-ind-automotive-264-0-0-production-enus/55098325-b838-4fed-9e79-8cfa2d7b33a3/images/icon_note.png)

Note Only a few fields are available by default on the Financial Account page layout for Automotive Cloud. Your admin can add other fields to the page.

1. From the App Launcher, find and select **Financial Accounts**.
2. Click **New**.
3. Enter the unique financial account number.
4. For Type, select one of the following:
    
    - Automotive Loan
    - Automotive Lease
    - Asset Loan
    - Asset Lease
    
    ![Note](https://sf-zdocs-cdn-prod.zoominsoftware.com/tdta-ind-automotive-264-0-0-production-enus/55098325-b838-4fed-9e79-8cfa2d7b33a3/images/icon_note.png)
    
    Note To view this financial account on the Account record page of the Finance Console for Automotive app, you must select either Automotive Loan or Automotive Lease.
5. Enter the total outstanding amount that remains to be paid.
6. Enter the amount due for payments that are beyond the deadline.
7. For Status, select one of the following:
    - Active
    - On Hold
    - Delinquent
    - Closed
8. Click **Save**.

Add other details depending on which fields are available on the page layout, such as the down payment amount, amount past due, principal amount, and interest rate.