Currently, when a lease is linked to a fixed asset, terminating the lease automatically closes the associated fixed asset.
There should be option that allows the fixed asset to remain active after the lease termination. This would enable continued use of the asset even when the lease contract ends.
This functionality is essential for scenarios where the lease agreement concludes, but the fixed asset remains available for ongoing operations.
Comments
MS should make the Asset Leasing module more flexible and practical than the current version.Our company has more than 2,000 mobile assets.Many of them are leases, and some are secured assets for a loan.A loan contract works similarly to the leasing contract, but we own the asset, not the financial institution. Therefore, when we terminate the contract because we can pay off the loan earlier, we do not want our asset to be closed. We hope the MS team will apply the enhancement, which will allow us to terminate the lease contract without impacting the linked asset soon.
Category: Asset Leasing