We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How to Create Property Leases that have Pre-payments

Received Response
12
Views
3
Comments

Summary:

I wanted to know if anyone had issues with creating and accounting for property leases that the company has pre-paid. I am able to create a standard lease without issue but having a problem when the company pre-pays multiple months in advance. The prepayment would need to reduce the liability but since it's a pre-payment it's also now a pre-paid asset sitting on the books.

Content (required):

I wanted to know if anyone had issues with creating and accounting for property leases that the company has pre-paid. I am able to create a standard lease without issue but having a problem when the company pre-pays multiple months in advance. The prepayment would need to reduce the liability but since it's a pre-payment it's also now a pre-paid asset sitting on the books.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!