Lease Information

The Lease finance option can be used on bulk or non-bulk rental products to manually setup a Lease payment schedule for information purposes.
No auto-payment capture or posting is involved.

Lease payments can be considered in the product costs, when running Gross Margin Analysis Report.

The prompts are:

LEASE PAYMENTS

A window to view and update the payment schedule is provided as follows:

DATE

Enter the date of the payment.

AMOUNT

Enter the amount of the payment for this date.

Finished?

If there are 12 payments, enter 12 different dates each with the appropriate amount to be paid.
Click ACCEPT to accept and close the lease schedule window.

TERMS IN MONTHS

Enter the number of months for the lease, if applicable. This is an information field only.

TERM IN KILOMETERS

Enter the number of kilometres for the lease, if applicable. This is an information field only.

AMOUNT PER MONTH

Enter the lease amount per month. This is an information field only.

LEASE START DATE

Enter the lease start date. This is an information field only.

LEASING VENDOR

If this rental product is leased from a supplier, enter the Vendor number or search for it in the Vendor Search window. Only a vendor flagged as a Leasing Vendor in Vendor Information can be entered.
When rental equipment is linked to a Leasing Vendor a Reminder to Contact Leasing Vendor warning is triggered if the product is sold in Miscellaneous Invoices, Rental Return, and in Bulk Disposals.
The Leasing Vendor is included in the spreadsheet output of the following reports:

Rental Age Report
Rental Inventory Value Report
New Acquisitions Report
Disposal Transactions Report
Inventory Inquiry

Leave this field blank if there is no associated leasing vendor.

Finished?

Click OK to accept the information and to close the window.