Other procedures related to lease addition
You must add the lease before you can associate it with assets or a payment schedule.
From Lease Addition and Adjustments, you can initiate these tasks:
| Task | Procedure |
|---|---|
| Ignoring the classification test | Click and select if the lease classification is
Operating, Finance, or None. You can also specify a deferred rent amount override. |
| Attaching leased assets to the lease | Click to access Asset or Create Asset From
Template. This process is a required procedure for
long-term operating leases and finance leases. You can also use this procedure to keep an inventory of short-term operating leases in Asset Accounting. |
| Attaching a payment schedule to a lease | Click to access Payment Schedule Composite. |