Here is a basic explanation of the difference between these two lease reports available to you in AssetAccountant™:
HP/Lease Finance Balances (Gross Liability)
HP/Lease Finance Balances (Outstanding Principal)
The Gross Liability report details the amount of Principal + Interest owing at a point in time.
Whereas the Outstanding Principal details the Principal component only.
Which one should you use?
It depends on what your finance system shows.
Does it only show the outstanding principal or is it showing the gross payments due?
Depending on the answer to that question, you should be able to work out the correct report to use.