Rent Table and Lease Accounting (IFRS 16/ASC 842 Compliance)

When Nakisa Real Estate is operating in a mode compliant with IFRS 16 and ASC 842, lease administrators must create payment terms in the rent table and approve the lease before the accountant can create objects in Nakisa Lease Administration.

The accountant must approve and activate all objects in Nakisa Lease Administration before the lease can be activated in Nakisa Real Estate.

You can also select an existing lease component in the Lease Accounting tab and leave the Rent Table tab empty. After the lease is activated, the rent table updates with the terms already created in Nakisa Lease Administration.

An activated lease can be edited by creating a lease version.

For more information, refer to the following topics:

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