Adding Lease Payments through the Lease Amortization Schedule Subtab

To add lease payments:

1. Go to Fixed Assets > Leases > Lease > New.

2. On the Lease page, click Edit next to Lease record for which you want to add a lease payment.

   Note:

   You can enter lease payments when you create a lease record. If you have an existing lease record without lease payments or incomplete lease payments, you can enter the payments one at a time.

3. Click the Lease Amortization Schedule subtab on the Lease record:

   • To enter multiple payments at one time:

     1. In the Start Date field, enter the start date for the payments you want to generate.

     2. In the Amount field, enter the fixed amount for the payments you want to generate.

     3. Click Generate Payments.

        This button is available when you create a new lease or when you enter lease payments on modified lease records.

        Note:

        The system generates only up to 120 payments at a time. To add payments beyond this limit, you can enter them through CSV import. For more information, see Adding or Updating Lease Payments through CSV Import.

   • To enter lease payments one at a time:

     1. In the Date column, enter the lease payment date.

     2. In the Amount column, enter the lease payment amount.

     3. Click Add.

   Note:

   If the first lease payment date falls on or before the 15th of the month, no interest is calculated, and the principal amount is equal to the lease payment amount.

4. Click Save.

   The net present value, balance, interest, and principal is computed when the lease payment is saved.

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