Lease Management process flow

• Creating lease types (optional)

• Creating non-lease components (optional)

• Creating data codes (optional)

• Creating a lease (required)

• Creating a lease payment (required)

• Running the FAS 13 test (optional)

• Creating one or more leased assets for the lease (required only for financial leases)

• Creating attribute values (optional)

• Releasing the lease (required)

• Formatting your non-Lawson data for importing purposes

• Importing the data into the Lawson interface files

• Interfacing the lease data

• Interfacing the lease payment data

• Interfacing leased asset data (using Asset Management)

• Releasing the interfaced leases

• Adjusting invoices (optional)

• Approving mass invoices (optional)

• Creating lease invoices (required)

• Approving lease invoices (required)

• Interfacing invoices to Accounts Payable (required)

• Calculating interest amounts (required only for financial leases)

• Posting leases (required)

• Terminating leases (optional)

• Closing a lease period (required)

• Purging leases (optional)

Lease Management use these methods for viewing and analyzing data:

• Online forms

• Reports

• The Lawson Drill Around feature

You can also use General Ledger to increase your reporting and inquiry capabilities.