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Companies that operate on 4/4/5 periods struggle to use the asset leasing module.

There is no option to be able to calculate and post depreciation and interest based on the ledger periods - the values should be different in a 5 week period to a 4 week period. The supplier may be paid on a monthly basis but the financial accounts need to represent the appropriate ledger period. When the company has many large leases i.e. buildings the values can be significant.

The short/term long term adjustment can not be utilised either as it does not reflect the ledger period.

Category: Asset Leasing
STATUS DETAILS
New