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Mid Life Asset Lease Accounting

edited Sep 15, 2021 10:49AM in Accounting / ERP 3 comments

Hi There

Going through the fixed asset module guide, I cannot find how to set up a mid life lease accounting asset.


In this case, the asset in question is an operating lease.

Its parameters are as follows

The lease payments are revised every July.


I am migrating this from the legacy system to Netsuite as at 31 March 2021.


What are the steps involved in setting this asset up in Netsuite?


I have watched the learning pass video on this topic, though it skips over mid life asset leases.


thanks

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