Do you have assets in AssetAccountant being depreciated AND with a finance right of use lease attached to it that has a different lease term than its useful/effective life?
AssetAccountant easily handles this situation of different lease terms and useful/effective life.
The lease term and the depreciation term can be set independently.
It's also possible to set different terms for Tax and Accounts.
When first creating a lease in AssetAccountant, you are offered the option to set the Effective Life or the End of Life for depreciation for Tax and for Accounts when choosing your depreciation settings.
If you have an existing asset in AssetAccountant that you've already set the effective life for, and you want to change it to either match the lease term or just be different, you can perform a Reassessment for both Tax and Accounts using the Tax Actions dropdown and the Accounts Actions dropdown.
