Introduction
Asset leasing is an advanced ability to monitor, track, and automate financial transactions for leased properties within Microsoft Dynamics 365 Finance. Asset leasing complies with International Accounting Principles (IFRS 16) and US GAAP (ASC 842). Asset leasing collects and processes information on leases and helps you produce journal entries over the duration of the lease.
Within the Asset leasing module, numerous components, elements, and transactions work seamlessly to ensure that leasing standards are adhered to. It is important to ensure that all necessary information is entered into the system to ensure accurate calculations and reporting of leased assets. Asset leasing captures and processes information about the leases and helps you generate journal entries throughout the life cycle of the lease, from initial recognition, monthly journal entries, to impairment and termination of the lease.