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.
- Select Leases.
- Open a lease record.
- On the Non Lease Component tab, click Create.
- Specify this information:
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Non Lease Component
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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.
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Description
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Provide a description. If the description field is left blank, the description on the Non-Lease Component is stored on the lease record.
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Non Lease Component Account
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Specify the account information on the non-lease component account.
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Allocation Code
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Select an allocation code for the non-lease component account.
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Income Code
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Specify an income code to associate with lease payment invoices.
Note: If both the lease payment and the non-lease component have income codes, then you cannot combine them on the same invoice.
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Variable Cost
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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.
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Combine With Lease Payment
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Select whether the non-lease component will be combined with the lease payment.
- Click Save.