You are here:

Lease Financial Setup

The Lease Financial Setup section of the master data configuration allows you to configure the following:

Non-Lease Amount Category: The application supports up to 8 non-lease categories. A non-lease amount category must be assigned if a lease contains a term and condition with a non-lease amount. The GL mappings for each category need to be entered in the Accounting Setup in the System Config.
Term Category: Term Category is a grouping of Term Types, and is used when adding terms and conditions.
- Types: The Term Types are specified per Term Category.
Warning: Do not modify Term Categories or Term Types.
Modality: Modality is the Amount Frequency selected in the terms and conditions.
Warning: Do not modify the available modalities.
Payment Frequency: Payment Frequency is selected in the terms and conditions.
Warning: Do not modify the available payment frequencies.
Consumer Price Index: CPI indicates which type of indexation methods can be selected on the contract Accounting page. This table is only used if CPI/Indexation is enabled on the Accounting Settings page. Note that the record "CPI Global" is replaced by the valid record from the Indexation table.
Warning: Do not modify the CPI/indexation values.
Compounding Frequency: This field represents the number of times per year the interest expense will be calculated.
Convention: Reserved for future use.
Interest Expense Method: Reserved for future use.

To configure non-lease categories:

Click Application Menu > Master Data Configuration.
Navigate to Application Configs > Lease Financial Setup > Non-Lease Amount Category.
To edit an existing category, click for the required row.
To create a new category, click Menu > Add.
Enter or modify the required information.
Click Submit.