Lease accounting
How to add a leased asset from scratch: To add a new leased asset, navigate to the Add Assets section in the left-hand menu (1). Next, select the HP/Le...
Mon, 27 Feb, 2023 at 1:39 PM
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
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
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...
Mon, 27 Feb, 2023 at 1:40 PM
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
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
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 th...
Wed, 31 May, 2023 at 12:33 AM
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
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
Here is a basic explanation of the difference between these two lease reports available to you in AssetAccountant™: HP/Lease Finance Balances (Gross Lia...
Tue, 11 Jul, 2023 at 4:44 AM