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).
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 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
Shows 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.
