Procedure for Lease contract entry ("Finance lease" and "On-balance")

Outline

In [Lease contract entry], you can enter lease contract information on the [Contract information] tab, the [Payment data] tab and the [A/C and Payment method], using lease transaction types entered as the master. 
The procedure for contract entry varies from the following lease transaction types.

• When the type is "Operating lease" and "Off-balance"
• When the type is "Finance lease" and "On-balance"
• When the type is "Finance lease" and "Off-balance"

In this section, we will explain the type of "Finance lease" and "On-balance." 
You can also register the entered contract information as a pattern.  Thus, the registered pattern can be used as a template to enter lease contract information. 

1. Screen display method

1. Select [Assets]  →  [Leased assets]  →  [Entry].
2. Select [Lease Contract Entry] from the menu. 
    →  The [Contract information] tab of the [Lease contract entry] screen will appear.

2. Contract information entry

 →  To Menu Reference

1. Enter lease contract information (including contract date, internal No., leasing company). 
2. After entering lease contract information, click the [Payment data] tab. 
    →  The [Payment data] tab of the [Lease contract entry] screen will appear.  

3. Payment schedule creation

When you modify "Lease start date," "Currency," "Quotation purchase value," "Remaining value guarantee Amt" and/or "Taxable type" after entering payment data, the contents on the [Payment data] tab will be cleared.  Similarly, when you modify "Lease transaction type," the contents on the [Payment data] tab and/or the [A/C and Payment method] tab will be cleared.

 →  To Menu Reference

1. Enter the lease conditions.
   To set up the interest, enter a value in the [Interest Spread] section.
2. Click the "Lease debts calculation" button, and "Discount current value of total lease price" will be calculated.  After the value is compared with "Quotation purchase value" entered on the [Contract information] tab, the smaller one will be displayed in "Unpaid lease balance."
   When "Quotation purchase value" is smaller, "Interest (%)" value on the interest spread will be cleared.
3. Click the "Execute (A)" button. 
    →  Lease payment schedule information will be displayed in the [Payment schedule] section.
   
   When "Interest" indicates "Monthly payment," click the "Execute (A)" button to display the [First payment interest calculation] screen. 
   
   After selecting "Daily payment" or "Monthly payment" for calculating first payment interest and entering "Daily repayment days" or "Monthly payment months," click the "OK (O)" button.
   Payment interest will be calculated. 
   
   When you modify the lease condition after executing the process, click the "Execute (A)" button again to display the [Refresh payment schedule] screen.
   
   Make an entry in the first spread line with which you start to modify the payment schedule and then click the "OK (O)" button.  Payment schedule will be recreated for the remaining lines after the selected row.
4. Confirm the lease payment schedule information and click the [A/C and Payment method] tab. 
    →  The [A/C and Payment method] tab of the [Lease contract entry] screen will be displayed.

4. A/C and Payment method Entry

 →  To Menu Reference

1. Set up on-balance transaction information.
2. Enter payment A/C information and payment method.
3. Click the "Save (S)" button.