1. Accounting
  2. Fixed Assets Management
  3. Fixed Assets Lease Accounting
  4. Lease Record Modification
  5. Viewing Lease Modification Details

Viewing Lease Modification Details

If you modified your lease, the Lease Modification subtab becomes available on the Lease record. You can view the modified lease terms from this subtab.

To view the lease modification details:

  1. Go to Fixed Assets > Leases > Lease.

  2. Select the lease record that you want to view.

  3. On the Lease page, click the Lease Modification subtab. The following information is available in this subtab:

    • Contract ID — This columns shows a link to the Contract record.

      Note:

      You can't edit the Contract record. The Lease Payments subtab on the Contract record shows the amortization schedule, total lease payments, total NPV, total lease liability, total interest, and total principal.

    • Effective Date — This column shows the effective date of the lease modification. For the original contract, the effective date is the same as the lease start date.

    • Journal ID — This column shows a link to the journal record.

    • Annual Interest Rate — This column shows the modified implicit rate of the lease.

    • Term — This column shows the modified lease term.

    • End Date — This column shows the modified lease end date.

Related Topics

General Notices