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Difference Between Lease Accounting module and the Lease Asset Option in Fixed Assets

Accepted answer
edited Jun 4, 2021 5:01PM in Lease Accounting 6 comments


We currently do not have lease accounting turned on and we've been looking to implement it. I notice there seem to be 2 modules to handle it: Fixed Assets and Lease Accounting.


I'm not sure why there are 2 different spots to do lease accounting and wanted to know what the advantages/disadvantages of doing the lease accounting through the Fixed Asset module were vs. using the Lease Accounting Module.

Thank you!


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