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Selecting a Lessee
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Creating and Configuring Lessors
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Glossary

Creating and Configuring Lessors

Overview

A lessor is the party the 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).

The ‘Lessors’ Workspace

The Lessors workspace displays all the lessors that have already been created:

Displays the 'Lessors' workspace
The 'Lessors' workspace

Creating a Lessor

Click Add a new lessor to create a new lessor.

In the displayed dialog, configure the options for the New lessor as described in the next chapter.

Configuring a Lessor

When configuring a lessor, 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 shown next to the name of the tab:

The ‘General Information’ Tab

Displayed is the 'General Information' tab that appears when configuring a lessor.
The 'General information' tab
OptionDescription
Name of the lessorName of the lessor
Lessor IDCreditor number for the lessor
Related reporting entityThe 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 regionShows 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.

The ‘Contact Person’ Tab

Shows the 'Contact Person' tab that is displayed for the configuration of a lessor.
The 'Contact person' tab
OptionDescription
First nameFirst name of the lessor’s contact person
Last nameSurname of the lessor’s contact person
E-mail addressThe contact person's e-mail address
Job positionThe contact person’s position

The ‘Comments’ Tab

Shows the 'Comments' tab that is displayed for the configuration of a lessor.
The 'Comments' tab

Use the Additional information tab to add comments on the lessor in a plain text box.

Last updated on Aug 16, 2023

Table of Contents
Creating and Configuring LessorsOverviewThe ‘Lessors’ WorkspaceCreating a LessorConfiguring a LessorThe ‘General Information’ TabThe ‘Contact Person’ TabThe ‘Comments’ Tab
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