Setting Up Additional Lease Information

Access the Maintain Lease Master Additional Information form.

Bank Code: Enter the bank code to use for calculating interest and fees. The system uses the value that you enter as a default value unless you set up a different value in the Fee & Interest Information program. The system automatically updates this field with the bank code that you enter in the Fee & Interest Information, if you change the value.
Interest Adjustment Pct. (interest adjustment percent): Enter the percentage to add to the base bank code rate to determine the interest to assess on past due billing amounts. The system adds the percentage to the rate for the base bank rate record. Enter the value as either a whole number or a decimal fraction. The system displays the percentage as a whole number, but stores it as a decimal fraction.
Note: You can enter a negative value, but when calculated, the total interest rate cannot be less than zero.
Effective Start Date: Enter the effective date that is associated with the interest adjustment percentage.
Effective End Date: This field is not updated by the system, nor is it enabled for input.
Payment Profile and Accounting Profile: Enter the number of years for which the system generates payment profile and accounting profile transactions for the lease. Typically, the number of years that you enter equals the number of years for which the lease is set up. The system automatically updates this field with the value in the Number of Years to Create field for the Additional Company Constants, but you can override it if necessary.
Note: If the number of years that you enter is less than the term of the lease, the system will not generate profile records after the number of years expires. You must manually update the field to generate additional payment and accounting profile records. You should enter the value 99 so that billing and expense records are always generated.
Lease Currency Code: Enter the currency code of the lease. The system generates transactions in the currency that is assigned to the lease. If you leave this field blank, the system assigns the same currency code that is assigned to the company of the building.
Exchange Rate: Enter the exchange rate for transactions that the system generates for foreign leases. If you leave this field blank, the system retrieves the exchange rate that is set up in the Currency Exchange Rates table (F0015).