Suspending Residual Earnings on Sold Contract in ASPIRE When a lease is sold to a funding source with the residual retained, FASB ASC 860 states that the lessor cannot recognize earnings on the residual until maturity ...
In ASPIRE, the user is able to build a payment stream with payments "in advance" of the billing period or the user can build a payment stream with the payments "in arears" of the billing period. Please see the attachment for detailed information how ...
See the attached document for complete details. The purpose of the attached How to Guide is to show a generic example of how one can go about adding a contract to ASPIRE, and subsequently how to book that contract. Note: This document outlines only ...
See attached document for complete details. Attached is a guide explaining how Additional Term Allowance (configured at the Finance Program level) determines the maximum number of months than can be added to a contract term before triggering a credit ...
Please see the attachment for the detailed information, which is most applicable to ASPIRE v5, versions 5.20.12 and higher. This should help give you a starting point in understanding what configuration to look into when your contract is populating ...