Sales Type Leases
Please refer to the document for more information regarding Sales Type Leases
The document will discuss:
- What is a Sales Type Lease?
- What kind of client would use a Sales Type Lease product?
- What Lease Accounting Standards impact Sales Type Leases?
- Comparison of Sales Type Leases to Operating Leases to Direct Finance Leases.
- Configuration of a Sales Type Lease Finance Product in ASPIRE v5.
- How to build a Sales Type Lease in ASPIRE v5.
- Book Value Calculation for a Sales Type Lease.
- Limitations in ASPIRE v5 regarding Sales Type Leases.
Related Articles
Lease Contract Terminations
Please see attached documentation for instructions on how to perform basic Lease Asset Disposals / Equipment Disposals. Instructions provided for the following basic tasks. Each example is walking through the termination of a Lease Contract, ...Lease Asset Disposals
Please see attached documentation for instructions on how to perform basic Lease Asset Disposals / Equipment Disposals. Instructions provided for the following basic tasks. Each example is walking through disposing of one Lease equipment record, ...ASPIRE Sales Tax
See the attached document for complete details. 1. Overview The attached document is intended to be a high to medium level overview of standard ASPIRE sales tax calculation, including an overview of tax related configuration, how tax is calculated, ...Updating equipment status when calculating a contract payoff
Please see the attached document to learn how to update equipment status when processing a payoff. When you are calculating a contract payoff, it is easy to update the status of the associated equipment at the same time. The attached PDF outlines ...Understanding Operating Lease Income Calculation Methods
This article is only discussing Operating Lease Income. It is not discussing income/accrual functionality for Contract Items like IDC's, Subsidies, Financed Fees, etc. on Operating Leases. Please refer to the attachments for more information. In ...