Lease accounting

Guide to leased assets and hire purchases
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
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 th...
Wed, 31 May, 2023 at 12:33 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
Reporting: HP/Lease Finance Balances Reports
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