Lease Details

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Transaction Description

Use the Lease Details window to enter information about a lease. After a payment schedule is attached to a lease, the payment schedule can not be changed. When adding leased assets in the Asset Workbench detailed additions window, you can attach the assets to leases. Multiple assets can be assigned to the same lease.

Lease Details

List of Fields

• Lease Number
• Lessor
• Lessor Site
• Payment Schedule
• Description
• Currency
• Lease Type
• Descriptive Flexfield
• Payment Account
• Payment Term
• Capitalization Test
  • Cost to Capitalize
  • Test Result
  • Transfer of Ownership
  • Bargain Purchase Option
• Economic Life
  • Lease Term in Months
  • Asset Life in Months
  • Criterion Met
• Present Value
  • Fair Value
  • Present Value
  • Criterion Met

Lease Payments

List of Fields

• Payment Schedule
• Interest Rate
• Compounding Frequency
• Lease Date
• Currency
• Present Value
• Lease Payments
  • Line
  • Start Date
  • Amount
  • Number
  • Payment Type
  • End Date

Amortization Schedule

List of Fields

• Line
• Date
• Payment
• Interest
• Reduction of Principal
• Obligation

Comments

Links

• Related: OracleAssets, AssetSetUp, FA12AssetsAssetWorkbench, FA12SetupAssetSystemLeasesDetails, FA12SetupAssetSystemLeasePayments, FA12SetupAssetSystemLeasePaymentstoPayables

This Topic Is Referenced By These Topics:
Related Links: FA12SetupAssetSystemLeasePayments, FA12SetupAssetSystemLeasePaymentstoPayables, FA12SetupAssetSystemLeasesDetails

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