Sales Type Leases

Sales Type Leases

Please refer to the document for more information regarding Sales Type Leases



The document will discuss:
  1. What is a Sales Type Lease?
  2. What kind of client would use a Sales Type Lease product?
  3. What Lease Accounting Standards impact Sales Type Leases?
  4. Comparison of Sales Type Leases to Operating Leases to Direct Finance Leases.
  5. Configuration of a Sales Type Lease Finance Product in ASPIRE v5.
  6. How to build a Sales Type Lease in ASPIRE v5.
  7. Book Value Calculation for a Sales Type Lease.
  8. 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, ...
    • 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 ...
    • 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, ...
    • How to split 1 piece of equipment into 2 pieces of equipment

      PROBLEM:  The lease contract was originally built with 1 equipment record that has a quantity of 1, however there are truly multiple equipment records on the contract.  The one piece of equipment is acting like an "umbrella" to carry the cost of ...