The ‘Lease Summary Report YTD’ works only from the report library. You need to save the report with selections needed into the library. Then, you can run this report from the library into your email.
In this report, we will highlight some numbers from Lease changes, payments and a month’s end report. If you want to make postings only on summary level, you can use this report for that purpose. The reports lists year-to-date numbers to each entity selected into the report. One column is one entity.
Below is an idea of how to make summary level postings if you would like to use this report for that purpose. Here we are assuming that you are adjusting your local accounting where you have the rental cost in P&L as an expense, and then you just convert that posting:
The row "Lease payment at start date" comes if you have entered a value under "Lease payments made on or before commencement date" -box into a lease agreement. This is the first payment of the lease that will not be added to lease flow, but that will be added to RoU Asset value. This value should be posted away from your local accounting rental cost. Report Additions to Right of Use Asset lists all these values agreement by agreement.
| ACCOUNT ENTITY ONE Posting examples (P&L adjustments) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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