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Subscription Lease Defaults

Modules > Advanced Subscription Management > Setup > Subscription lease defaults

Use this page to set up default accounts for items in a sales order or a free text invoice. The types of accounts that you are able to set default accounts for depends on the lease accounting standard that you have set in your parameters setup.

Set Up Lease Items

To set up items to use the lease feature by default, follow these steps:

Select the Items tab.
Select Add.
For the line, select the Item code and the Item relation.
Then, under Lease accounts, select the accounts you want to set as the default accounts for that item.
Repeat these steps to add more lines.
Select Save.

Fields

The following field boxes are available:

Subscription lease defaults fields
Field	Description
Item code	Select how the item code is applied: Category: Applies to the sales or purchasing category that is specified in Category relation. Group: Applies to the item group that is specified in Item relation. Table: Applies to the single item that is specified in Item relation. All: Applies to all items.
Item relation	Depending on the value of the Item code, select the item code or item group.
Category relation	Select the sales or purchasing category.
Account code	Select which accounts to apply defaults: Table: Applies to a single customer specified in Account relation. Group: Applies to a customer group, specified in Account relation. All: Applies to all customers.
Account relation	Depending on the value of the Account code, select the customer account or customer group. When Account code is All, this option is not available since the main account that you select applies to all customers.
Lease accounts
You can assign default accounts to the following account types: Lease receivable account Unguaranteed residual value account Asset clearing account Interest income account Interest income - lease receivable account Interest income - unguaranteed residual value account Direct cost expense account Direct cost clearing account Revenue account Cost of sale account Deferred profit account Unamortized direct cost account Deferred lease receivable account Unearned income - unguaranteed residual value account Unearned income - lease receivable account Rounding account Asset reclass clearing account Tenant incentive account Gain on modification account - only visible if IFRS is the accounting standard Loss on modification account - only visible if IFRS is the accounting standard
Deferral accounts
You can assign default accounts to the following deferral account types: Lease income deferred account Interest income deferred account Direct cost expense deferred account Unearned income deferred – lease receivable account Unearned income deferred – unguaranteed residual value
Termination accounts
You can assign default accounts to the following termination account types: Impairment loss account Loss on termination account

Buttons

This page contains the following buttons:

Subscription lease defaults buttons
Button	Description
Add	Adds a line to the list.
Remove	Deletes the selected line.