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Purpose/use case for Accounting Classifications Finance & Operating Lease ? — Cloud Customer Connect
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Purpose/use case for Accounting Classifications Finance & Operating Lease ?

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edited Jan 18, 2024 7:30AM in Lease Accounting 1 comment

Summary:

Details are not in the user guide.

Content (please ensure you mask any confidential information):

When creating a Lease, there are three classifications;

  1. Finance
  2. Operating
  3. Exempt

What is the use case for these classification and any accounting implications?

User guide does not cover this topic.

Version (include the version you are using, if applicable):


Code Snippet (add any code snippets that support your topic, if applicable):

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