Lease accounting
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
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
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...
Wed, 6 Dec, 2023 at 1:56 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 the...
Thu, 3 Oct, 2024 at 5:40 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