Colin_Hugill
Reputable Poster
RE: Fixed Assets & Leases
Bert,
I assume you are referring to leased assets like cars, plant, computers
etc. Yes it can be done fairly easily. In simple terms you set up the
item masters making good and sensible use of cat codes (and an
appropriate Equipment Status code) and make sure that no acquisition
costs are entered. You can post "operating" costs against these assets
(Fuel, Oils, Lubricants, repairs, maintenance etc. and even lease
charges).
Make sure they have zero depreciation rates etc.
I have had two clients do this for leased equipment and also long term
"dry hire" of assets.
You can also use "additional information" - Financing Information - to
record lease related detail. Note that JDE makes no use of this
information for processing BUT it is available for STAR reporting.
Theoretically you could use STAR to generate a lease/hire payments
accrual journal based on the financing info - but I have to admit that
while I have fiddled with this possibility I have never taken it to the
extent of generating a journal.
Regards,
Colin
Colin Hugill (Consultant)
(World A7.3 cum12)
Bert,
I assume you are referring to leased assets like cars, plant, computers
etc. Yes it can be done fairly easily. In simple terms you set up the
item masters making good and sensible use of cat codes (and an
appropriate Equipment Status code) and make sure that no acquisition
costs are entered. You can post "operating" costs against these assets
(Fuel, Oils, Lubricants, repairs, maintenance etc. and even lease
charges).
Make sure they have zero depreciation rates etc.
I have had two clients do this for leased equipment and also long term
"dry hire" of assets.
You can also use "additional information" - Financing Information - to
record lease related detail. Note that JDE makes no use of this
information for processing BUT it is available for STAR reporting.
Theoretically you could use STAR to generate a lease/hire payments
accrual journal based on the financing info - but I have to admit that
while I have fiddled with this possibility I have never taken it to the
extent of generating a journal.
Regards,
Colin
Colin Hugill (Consultant)
(World A7.3 cum12)
