Leasing Posting Setup

Leasing Posting Setup

Figure 1 Leasing Posting Setup

Fin. Product - defines Financial Product for which Leasing Posting Setup is applicable.
Individual/Business - defines customer type for which Leasing Posting Setup is applicable. Available options are: All, Individual and Business.
Legal Form - defines Legal Form for which Leasing Posting Setup is applicable.
Gross Receivable (BS) - Gross Receivable account in balance sheet (Dr). If split to current/non-current receivable is used, this account refers to non-current portion. Account is used if Accounting Group is set to Gross Receivable on Financial Product.
Unearned Interest (BS) - Unearned Interest account in balance sheet (Cr). If split to current/non-current receivable is used, this account refers to non-current portion Account is used if Accounting Group is set to Gross Receivable on Financial Product.
Gross Receivable Current portion (due within 12 months), Dr - Gross Receivable account for receivable portion due within 12 months in balance sheet (Dr). Account is used by Split Current/Non-current Receivables in G/L procedure.
Gross Receivable Allocate to Current (due within 12 months), Cr - Balancing Gross Receivable account for receivable portion due within 12 months in balance sheet (Cr). Account is used by Split Current/Non-current Receivables in G/L procedure.
Unearned Interest Current portion (due within 12 months), Cr - Unearned Interest account for unearned interest portion due within 12 months in balance sheet (Cr). Account is used by Split Current/Non-current Receivables in G/L procedure.
Unearned Interest Allocate to Current (due within 12 months), Dr - Balancing Unearned Interest account for unearned interest portion due within 12 months in balance sheet (Dr). Account is used by Split Current/Non-current Receivables in G/L procedure.
Net Receivable (BS) - Net Receivable account for principal amount. Account is used if Accounting Group is set to Net Receivable on Financial Product.
Receivable - RV Portion (BS) - Account for RV or Balloon payment, which due at the end of contract. Account is used if flag Use Dedicated RV G/L Account is enabled on Financial Product.
Supplier Clearing Acc. (Cr) – supplier payable transit account. Used if Asset Acquisition Method is set to Via PO on Financial Product.
Accrued Amounts Owed (Cr.) is used supplier payable transit account in case asset is purchased after contract activation.
Originator Clearing Acc. (Cr) – originator payable transit account. Used if Brokerage Cr Posting and Commissions Cr Posting is set to GL Clearing Acc. on Financial Product.
Subsidy Receiv. Clearing Acc. – subsidy receivable transit account. Used if Subsidy Dr Posting is set to GL Clearing Acc. on Financial Product.
Upfront Fees Clearing Acc. – transit account for originator and brokerage upfront fee. Used to net receivable from customer and payable to broker or originator.
Downpayment Clearing Acc. - transit account for downpayment, in case downpayment is invoiced to customer before contract activation.
Refinance Clearing Acc. – transit account used to net receivable on new and old contract in case of contract refinance.
Stock Clearing Acc. (Cr) – transit account used if asset Acquisition Source is Stock.
Asset Variation Clearing Account (Cr) - transit account used in case of asset variation on active contract. I.e. new asset added to contract, need to be booked against sales invoice or credit note.
Op. Lease Inventory (Posting Group) – FA Posting Group used to create FA record if flag Create Fixed Assets is enabled on Financial Product.
Interest Revenue (PL) - interest revenue account
Penalty Interest Revenue (PL) – penalty interest revenue account
Accrued Interest (PL) – accrued EOM interest account in P&L, balanced with Accrued Interest (BS) account. Account is used by EOM function Post Accrued Interest/Revenue to G/L.
Accrued Interest (BS) – accrued EOM interest account in balance sheet, balanced with Accrued Interest (PL) account. Account is used by EOM function Post Accrued Interest/Revenue to G/L.
Op. Lease Revenue – operating lease rental revenue account. Used if Accounting Group is set to Lease Inventory or Rental on Financial Product.
Accrued Op. Lease Revenue (BS) – accrued operating lease rental revenue account in balance sheet. Account is used by EOM function Post Accrued Interest/Revenue to G/L, for Operating Leases due in Arrears.
Accrued Op. Lease Revenue (PL) - accrued operating lease rental revenue account in P&L. Account is used by EOM function Post Accrued Interest/Revenue to G/L, for Operating Leases due in Arrears.
Prepaid Op. Lease Revenue (BS) - prepaid operating lease rental revenue account in balance sheet. Account is used by EOM function Post Accrued Interest/Revenue to G/L, for Operating Leases due in Advance (Prepaid).
Prepaid Op. Lease Revenue (PL) - prepaid operating lease rental revenue account in P&L. Account is used by EOM function Post Accrued Interest/Revenue to G/L, for Operating Leases due in Advance (Prepaid).
Application Fee Revenue – establishment fee revenue account in P&L.
Application Fee Amortization Profile – establishment fee amortization profile. If not, blank Application Fee Revenue account must be set to deferred revenue account in balance sheet.
Cust. Neg. Sundry GL Acc. – account used to write off minor customer negative balance on contract closing.
Cust. Pos. Sundry GL Acc. – account used to write off minor customer positive balance on contract closing.
GL Neg. Sundry GL Acc. – account used to write off minor negative G/L account balance on contract closing.
GL Pos. Sundry GL Acc. – account used to write off minor positive G/L account balance on contract closing.
Stamp Tax (Principle) Payable (Cr) – account for stamp tax payable for principal amount.
Stamp Tax (Interest) Payable (Cr) – account for stamp tax payable for interest amount.
Stamp Tax (Fees) Payable (Cr) – account for stamp tax payable for fees amount.
Early Term. Fee (PL) – early termination fee revenue account. Used in case of contract early termination or asset early pay-out if early termination fee is applicable.
Dunning Fee (PL) – dishonor fee revenue account. Used if customer direct debit payment was dishonored and dishonor fee is applicable.
Installment Fee Income (PL) – installment fee revenue account. Used if installment fee is added on installment.
Comm. Expense Accrued (BS) – accrued commissions expense account. Used if Commissions Cr Posting is set to Originator Payable on Financial Product.
Comm. Amortization Profile - commissions amortization profile.
Subvent. Deferred Income (BS) – subvention deferred income account in balance sheet. Used if Subsidy Dr Posting is set to Receivable on Financial Product.
Subvent. Income (PL) – subvention income account in P&L. Used in subvention batch process it Subsidy Dr Posting is set to No posting on Activation on Financial Product.
VAT on Subvention (Group) – subvention VAT product posting group.
Subvent. Amortization Profile – subvention amortization profile.
Op. Lease Downpayment Revenue (PL) – operating lease revenue account for downpayment in P&L.
Op. Lease Downpayment Amortization Profile - operating lease downpayment amortization profile. If not, blank Op. Lease Downpayment Revenue (PL) account must be set to deferred revenue account in balance sheet.
Funding Off Set Acc. – funding transit account in balance sheet in case of sale of receivable to Funder.
Funding Revenue – funding revenue account in P&L in case of sale of receivable to Funder.
Off-Balance Dr. Account - debit off-balance account for approved amount financed.
Off-balance Clearing Cr. Account - credit off-balance account for approved amount financed.
Credit Line Off-balance Dr. Account - debit off-balance account for unused credit limit amount.
Credit Line Off-balance Cr. Account - credit off-balance account for unused credit limit amount.