Assigning non-lease components

Non-lease components are payments that must be identified separately from lease payments. Non-lease components are not lease payments and are not included when calculating lease obligations.
  1. Select Leases.
  2. Open a lease record.
  3. On the Non Lease Component tab, click Create.
  4. Specify this information:
    Non Lease Component
    If your lease costs include non-lease components, then select the non-lease components to attach to the lease. You can override the default company, account, activity, and account category values for each code. If there are no default company or account values, then you must provide these fields.
    Description
    Provide a description.
    Non Lease Component Account
    Specify the account information on the non-lease component account.
    Allocation Code
    Select an allocation code for the non-lease component account.
    Variable Cost
    Select whether the non-lease component is a variable cost. These costs are an estimate. The actual payment is unknown at the start of the lease.
    Combine With Lease Payment
    Select whether the non-lease component will be combined with the lease payment.
  5. Click Save.