Lease groups
Lease groups are required to create new leases. Lease books are associated with each lease group and determine the default books that must be created for each lease. You can assign specific accounts to a lease group on the Lease posting parameters page.
For example, the following screenshot shows two lease groups: one for buildings and one for vehicles. Creating these groups allows for grouping of similar leases and provides for better reporting.
To create a lease group, follow these steps:
Go to Asset leasing > Setup > Lease groups.
On the Action Pane, select New to add a lease group. A line will be added to the grid.
On the new line, in the Lease group field, enter a value.
In the Description field, enter a value.
After you have created lease groups, you can assign books to each group. When you create a lease and assign it to a lease group, the system creates a set of schedules for each book that is associated with that lease group.
To assign the group to a book, follow these steps:
- Go to Asset leasing > Setup > Lease groups.
- Select a lease group and then select Books.
- Select New and then, in the Book type field, select the book to assign to the lease group. You can assign multiple books to a lease group if a lease must be accounted for in different ways.