Running a class test on multiple leases

This method is more suited to assign a classification to interfaced leases.

  1. Select Mass Lease Release (LM121).
  2. Specify this information:
    Company

    To run on just one company, select the name of the company.

    Note: Leave the Company Group and List fields blank.
    Lease

    If you select a lease number in this field, then the Company field is required.

    or Company Group

    You can run on all of the leases that are associated with all the companies in this company group. If you select a company group, then leave the Company and List fields blank.

    or List

    Select an attribute list on all of the companies and leases that are assigned to that lease attribute list, using Manual Lease List (LM23.4) or List (MX10.1) .

    Note: If you select an attribute list, then leave the Company and Company Group fields blank.
    Lease Classification

    Select All.

    Lease Type

    Select only leases that are assigned a specific lease type.

  3. If you accrue a portion of your lease payments or the entire payment, then select an accrued rent account.
    Note: You cannot make accrued rent payments for finance leases.
  4. Select T in the Release Option field.
  5. View the report generated by LM121 to see the leases affected and the classifications assigned to them.
  6. To change the classification of a single lease, modify the lease data using LM21.1 and run the FAS 13 test again from LM21.1.