Understanding the Method for Booking Assets from Inventory setting in Accounting Options
Within the Administration > Accounting > Accounting Options screen, there is a setting regarding Booking Assets from Inventory. The Capital Leases tab, Operating Leases tab, and Loans tab all contain this setting. The below videos will explain the setting, as well as show you what the GL Entries will look like and where they come from in each scenario.
- Click HERE for the video that discusses the Capital Lease > Method for Booking Assets from Inventory setting
- Click HERE for the video that discusses the Operating Lease > Method for Booking Assets from Inventory setting
- Click HERE for the video that discusses the Loans > Method for Booking Assets from Inventory setting
Related Articles
Adjustment Item Earnings Method
See attached document for in-depth details. Adjustment Item Earnings Method tells the system how to calculate earnings on Contract Items (such as IDC and the Loan item for loans). It defaults to "Customer" but there are 3 choices, all explained ...
ASPIRE Training Video Inventory
The following is a list of training videos available in this Knowledge Base. The links will take you to the Knowledge Base article that contains the link to the video. Be sure to browse the Category for additional information related to your topic. ...
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 ...
Sell an asset out of Inventory
The attached file will walk you through selling an asset directly out of Inventory.
Renewal Processing Training
Please see the attachments for detailed information, recording available from within the Vimeo weblink below Attachments available + a link for the Recorded Training: 1. Detailed notes that accompany the Recording, titled "Renewal Processing - ...