Leasing object creation
General filling of the Leasing object card
- Click the
button, which will open the Search function and enter Leasing Objects, go to the corresponding link. - Click the New button and sequentially fill in the following fields:
| Field | Description |
|---|---|
| No. | Filled in from a series of numbers defined in the IFRS-16 Settings automatically when moving to another field. |
| Type | Fill in manually depending on the type of Leasing object. If the type is "Land plot", then it is mandatory to fill in the cadastral number. |
| Description | Fill in with a unique value in any form. |
| Discount Factor No. | Automatically filled in from the Leasing terms. |
| Annuity PV Factor | Calculated automatically. The coefficient determines how much the leasing payment for a specified period needs to be multiplied to obtain the current value of all payments for the entire leasing period. |
| Short-Term G/L Account No. | Automatically filled in from the IFRS-16 Settings. It can be changed manually by the user if necessary. Intended for accounting for short-term liabilities for this leasing object. |
| Short-Term G/L Balance | Automatically filled in when the page is updated. The balance for the current Vendor and contract, for the short-term leasing liability account payable. |
| Long-Term G/L Account No. | Automatically filled in from the IFRS-16 Settings. It can be changed manually by the user if necessary. Intended for accounting for long-term liabilities for this leasing object. |
| Long-Term G/L Balance | Automatically filled in when the page is updated. The balance for the current Vendor and contract, for the long-term leasing liability account payable. |
| Leaser Vendor Posting Group | Automatically filled in from the IFRS-16 Settings. It can be changed manually by the user. Determines the posting group for which the current accounts payable and settlements with this vendor under this contract will be recorded. |
| Comment | An optional field. |
| Vendor No. | Enter the vendor-lessor code. |
| Vendor Name | Automatically filled in from the Vendor card. |
| Vendor Agreement No. | Enter the number of the active contract with the vendor-lessor for this leasing object. Each separate leasing object must have a separate contract. |
| Vendor External Agreement No. | Automatically filled in from the external contract number of the contract card. |
| Vendor Agreement Date | Automatically filled in from the contract card. |
| Vendor Agreement Balance | Automatically filled in, the balance for the Detailed operations with the Vendor, for this vendor with this contract. Displays accounts payable for current liabilities. |
| Leasing Start Date | Automatically filled in from the contract card. |
| Leasing End Date | Automatically filled in from the contract card. |
| Leasing Agreement Duration, mth | The term is automatically calculated between the start date and end date of the lease. |
| Possible Prolongation, mth | Manually filled in by the user. Specifies the number of months for which the lease contract is likely to be extended. The justification is based on management's assessment in cases where the main agreement has framework dates, but the actual lease term is likely to be extended. |
| Expected Leasing Duration, mth | Automatically filled in by adding the value of Possible Prolongation, mth to the lease term. This indicator is used for calculations, not the lease term. |
| Expected Leasing End Date | Automatically calculated by adding the value of Possible Prolongation, mth to the Leasing End Date. |
| Actual Leasing End Date | Automatically filled in after completing the Lease contract closure task. |
| Usage Right Name | Automatically filled in by copying the value from the Description field. Can be changed by the user. Used to assign a name to the main asset (right to use) at the time of card creation. |
| FA No. | Automatically filled in after completing the Calc Usage Rights and Long-term Liabilities task. Displays the number of the main asset (right to use) associated with this leasing object. |
| Amortization Duration, mth | Automatically filled in with the value of the Expected Leasing Duration, mth, months. Can be manually changed by the user. |
| FA Employee No. | Automatically filled in with the value from the Leasing Setup (IFRS 16) directory. Can be changed by the user. |
| FA Location Code | Automatically filled in with the value from the Leasing Setup (IFRS 16) directory. Can be changed by the user. |
| Payment frequency | Manually specify the frequency of leasing pay accrual. |
| Payment type. Fill in manually | Determines the day of the period when the leasing pay is accrued. |
| Payment day | Specify manually if "Day" is selected in Payment type in the calendar period or in the accrual period. Indicates the ordinal number of the date from the start date of the period. |
| Payment amount | Automatically filled in. Displays the current value of the leasing cost under the leasing terms. The period for which the amount is specified is indicated in the leasing terms, not in the payment frequency. That is, the amount may be annual, and the payment frequency may be monthly, in which case this value will be divided by 12 months when accrued. This amount is specified in the original currency. |
| Currency Code For Calc. | Automatically filled in from the leasing terms, with the code of the original currency in which the calculations are made. |
- On the leasing object card, on the Home tab, click the Dimensions button and specify the dimensions to be used with the current leasing object, which will be displayed in the postings related to leasing object.
See also
Filling in the lease object card section for a land plot