Based on the Asset Accounting module, the Asset Leasing module can be used to manage the asset leasing activity, and to process lease billing transaction with the Sage Accpac ERP Account Receivable module.

Lease Rate

• Sets up a variety of lease UOM for one asset, such as Year, Month, Week, Day, etc.
  
• Defines billing rate for specific lease UOM.

Lease Contract

• Defines customer for lease contract.
  
• Specifies due date for lease contract.
  
• Includes multiple assets in a lease contract..
  
• Defines lease quantity, UOM and billing rate for each asset.
  
• Sets up a billing schedule for each leased asset.
  
• Defines lease revenue account for each asset.
  
• Specifies lease due date for each asset.

Create Billing Batch

• Specifies the billing date.
  
• Specifies customer, contract and asset range.
  
• Creates billing batch automatically according to the billing schedule and the above criteria.

Lease Billing Entry

• Books lease revenue against lease contract.
  
• Posting lease billing batch creates AR invoice batch automatically.
  
• Posting lease billing batch updates the billing schedule.
  
• Posting lease billing batch updates the lease billing history.
  

Reports

• Lease Contract.
  
• Lease Billing Batch Listing.
  
• Lease GL Transaction.
  
• Lease Contract Action Detail.
  
• Lease Billing History