Contract Termination
Processing Partial Termination on Non-Accrual Direct Finance Lease
This article was derived from a Community Posting asking the question - How do we process a partial termination on a Non-Accrual contract and what should we expect ASPIRE to produce for journal entries? Attached are the journal entries for the ...
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, ...
Contract Termination - Asset Proration Amount not propagating to the Assets
The situation: A user wants to process a Contract Termination, they have an amount that they have determined is the Contract Termination amount and needs to prorate that amount across the assets related to the contract. Steps to recreate: 1. On the ...
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 ...
Asset Disposal To Inventory - Loan
Assest Disposal to Inventory - Loan If the Inventory Management module is licensed collateral assets can be disposed to inventory at the time of termination. This option is not available when processing a partial termination where not all assets are ...
Asset Rollover - Loan
Asset Rollover This document will explain the process to roll an asset from a terminated contract onto a new contract. Create the New Contract 1. A new contract needs to be created before an asset can be rolled over onto it. The new contract ...
Asset Rollover - Lease
Asset Rollover This document will explain the process to roll an asset from a terminated contract onto a new contract. Create the New Contract 1. A new contract needs to be created before an asset can be rolled over onto it. The new contract ...
Full Termination - Lease
See the attached document for complete details. See the attached document for step by step instructions on terminating a lease.