Procedure for Lease contract entry ("Operating lease" and "Off-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 "Operating lease" and "Off-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.
2. Click the "Execute (A)" button. 
    →  Lease payment schedule information will be displayed in the [Payment schedule] section.
   
   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.
3. 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 off-balance transaction information.  
   You can also select the "Usage ratio" registered in the [Register usage ratio]. 
2. Click the "Pro rata rate (B)" button. 
    →  Calculation will be made so that "Pro rata rate total" indicates "1" based on "Pro rata Std."
3. Enter payment A/C information and payment method. 
4. Click the "Save (S)" button.