Creating journal entries leased assets

  1. From the Leases menu, select a lease record.
  2. Click Assets.
  3. Open a leased asset.
  4. On the Journal Entries tab, click Create.
  5. Specify this information:
    Company
    Select a company number.
    Asset
    Select an asset number to define journal entries.
    Book
    Select the name of the associated posting book with the asset transaction. Books are used in assets for calculating depreciation, replacement cost and insurance values, and reporting.
    Transaction Date
    Select the date of the journal entry transaction. This date is used for posting transactions to the Global Ledger .
    Asset Account Type
    Select the asset account type.
    Account
    Specify the account information for the journal entry.
    Transaction Amount
    Specify the amount of the asset transaction in the currency of the transaction.
  6. Click Save.