Lease accounting

Overview of AssetAccountant's leasing functionality
AssetAccountant’s core leasing functionality allows users to enter leases with the following fact patterns: Various types of asset finance lease manage...
Wed, 16 Oct, 2024 at 3:43 AM
Guide to leased assets and hire purchases
How to add a leased asset in AssetAccountant:  To add a new leased asset, navigate to the Add Assets section in the left-hand menu (1). Next, select the...
Fri, 14 Jun, 2024 at 12:53 AM
Set up and mapping of lease general ledger accounts
To set up lease G/L accounts from the assets grid: Select the pencil icon next to the asset group name, Select Edit next to General Ledger Accoun...
Wed, 16 Aug, 2023 at 12:48 AM
Creating and posting lease journals
Posting Lease Journals follows the same process as posting Depreciation Journals. Open the Journals section on the left-hand menu (1), and press "+ ...
Sat, 12 Aug, 2023 at 4:31 AM
Hire purchase and lease reporting
From the Assets grid select the 'Reports function in the top right corner. Here the choices of Hire Purchase or Lease reporting are: HP/ Le...
Wed, 6 Dec, 2023 at 1:56 PM
How to Terminate a Lease Early, but Keep the Asset in AssetAccountant™.
The easiest way to do this is to manage it as a "Refinance Lease" event.  Add in the the date and amount of the buy-out payment for the ass...
Fri, 31 Mar, 2023 at 2:45 PM
Do you handle lease accounting for lessors?
AssetAccountant™ doesn't currently track the lessor's side of leasing arrangements, only the lessee side. If you need to track payments and liab...
Mon, 10 Apr, 2023 at 6:17 PM
Monthly journals – Can separate journal details for splits of each asset/lease be shown?
The best way to achieve this in AssetAccountant is to set up classifications for each group of assets you want to get the individual journal out for and the...
Thu, 3 Oct, 2024 at 5:40 AM
Can we make only one entry for interest accrual per month?
With the interest accrual there are entries at the 1st and last dates of each month, is there a way of making this so there is just one entry per month, cal...
Wed, 31 May, 2023 at 12:37 AM
How to add multiple assets financed via one single chattel mortgage loan?
If you require AssetAccountant™  to add multiple assets to a single lease, follow these instructions: Create an asset specifically for the lease - ente...
Sat, 3 Jun, 2023 at 9:27 AM