In Lucanet Lease Accounting, a lessor is the party that owns the underlying asset and transfers it to another party, the lessee, for a contractually agreed lease term, under certain conditions. Lessors are the contracting parties that provide the basis for lease contracts in Lease Accounting.
Lessors are created and configured in the workspace of the same name.
As an alternative to manual creation, lessors can also be added by importing a CSV file (see Importing Data Automatically).
When configuring a lessor in Lease Accounting, the following options are available:
Fields marked with a * are mandatory fields. The number of mandatory fields in each tab and how many have already been filled in is displayed next to the name of the tab:
The following table describes the options on the General information tab of a lessor in Lease Accounting:
Option
Description
Name of the lessor
Name of the lessor
Lessor ID
Creditor number for the lessor
Related reporting entity
The reporting entity to which the lessor can be assigned as the sole contractual partner (lessee)
Note: • All reporting entities that have been imported in Lease Accounting are available for selection. • If the lessor is a contractual partner to several different lessees, this field must be left empty.
Country or region
Displays the lessor’s country or region
Note: You can select the required entry in the drop-down list or search for it using the Search box.
