Lease accounting

Having different depreciation and lease start dates and making adjustments
You may find the situation that you take delivery of an asset on a particular date, and the depreciation starts on that date, however because of a delayed t...
Thu, 24 Aug, 2023 at 1:49 PM
How the ‘Current Accrued Interest’ calculation works
The accrued interest is the interest to the date of the report that's calculated as accrued to the end of the month but won't be paid until the next...
Fri, 22 Sep, 2023 at 10:21 AM
How to treat increasing interest rates during the life of a leased asset
For leased assets in AssetAccountant it is possible to accommodate increasing interest rates during the life of the lease. E.g. after year 1, if the interes...
Thu, 16 Nov, 2023 at 6:11 PM
Can you use AssetAccountant's lease functionality to track loan values?
Yes, you can use AssetAccountant's lease functionality to track loan values. We suggest separating them into their own Asset Group so they would pos...
Fri, 24 Nov, 2023 at 11:24 AM
How to handle rate increases i.e. yearly rate or CPI rate increases
AssetAccountant can handle yearly or CPI interest rate increases and generate a payment schedule to include these changes each year. To enable rate incr...
Mon, 11 Dec, 2023 at 3:25 PM
Should GST be deducted from an Australian lease repayment and amount financed?
For an Australian lease, if you have the situation where the entire cost of the lease can be claimed on GST, when using AssetAccountant, should you deduct G...
Thu, 14 Dec, 2023 at 12:05 PM