The AssetAccountant system invites you to map your GL Accounts in Asset Group settings when setting up leased assets.
This way Current and Non-Current Lease components are accounted for correctly in the GL (General Ledger).
For leases longer than 1 year, it is possible to set up current and non-current GL accounts and map AssetAccountant to these.
Then, each time you run a journal, AssetAccountant checks to see what amount should be moved from non-current to current and performs the journal accordingly.
The AssetAccountant lease reporting splits out the current and non-current balances for total payments and the future unexpired interest.