1. It gives me an error when I try to save report and gives this error "The custom report name may only contain letters, numbers and dashes."
Currently our software doesn't accept "space", so you can replace it with "_".
2. Why can I no longer see one of my lease agreements in my register?
If you no longer see an agreement in your register, it could be because that agreement has probably ended and you should be able to find it in ‘Leasing -> Archive’.
3. We are accruing the lease cost in local accounting on a monthly basis, but the lease is actually paid only once a year. How do I handle this situation?
If you still want to accrue the cost on local accounting, it is recommended to create the lease into the system as it would be paid 12 times a year. This way, the P&L adjustment will also come on a monthly basis, the same way as the cost appears in the local accounting.
4. In my lease flow, the first payment is only half of the lease cost. How do I handle this situation?
After you have created the lease flow, you can modify single payments manually. Click the pen icon next to that specific payment and then modify the payment value. You can also modify the payment date in the same way.
5. I am trying to create a lease flow but the system directs me into the FX rate register. Why?
You are creating a lease where the entity and the lease agreement are in different currencies. You need to have at least one FX rate before the lease start date. To have it exactly right, you need to have a rate to that start date and then rates for the coming months for at least each month end.
6. I have imported a lease using excel. How do I take the yearly price increase into consideration in that agreement?
In the import excel you are unable to have any price increase mechanism. What you need to do is to clear the lease flow after the initial upload and then create the flow again with the price mechanism included.
7. How can I protect my agreements so that past year numbers stay the same?
If you are an admin, you can do this yourself. Or, you can ask an admin to do it for you. Reporting periods can be frozen from ‘Admin Settings’. The instructions are in ‘General Settings -> Settings -> Admin Settings’.
8. I am trying to insert "interest rate %", but it gives me an error.
You have to use dot, not comma, when you separate decimals.
9. Why is my value in Rou Asset By Lease Type (depreciation, deductions and additions) doesn't match with the total amout ?
It is because if there is residual value amount, than such amount is adjusted on maturity date.
10. How can I ensure that the Right of Use (RoU) values are zero at the end of the lease term?
If your current leases have added residual values, you have two options to ensure the RoU values are zero at the end of the lease term:
Terminate the Lease Before the End Date:
- Terminate the lease before it expires and then create a new lease.
- Manually adjust the RoU by using a payment before the new lease start date to match the closing balance of the terminated lease.
Manually Write Down the Balances:
- After the leases have ended, manually write off the residual balances.