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

What are the required configurations for revenue leases for equipment.

Summary:

One of my clients is currently using the LeaseAccounting module for expense (lessee) leases. As part of an enhancement, theyare now planning to implement revenue (lessor) leases in line with IFRS 16.

The client operates in the telecom sector and intends tocreate revenue leases for devices such as telephones and routers. I need helpto implement this.

Additionally, I understand that there is an option toload properties for revenue leases. However, in this case, the assets involvedare equipment (e.g., phones and routers), not real estate. This is my mainconcern—how should such assets be handled within the system?

Kindly advise on the required configurations and bestpractices for this scenario.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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