Leasing Assets

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Hi,
Does anyone know how can I manage the leased assets in GP 10, and after the 
leasing period is finished I can sell it or lease I again to another customer.
Any help would be appreciated

0
Reply Utf 1/10/2010 8:52:01 AM

You can mark if an asset is leased and enter leasing information about them. 
If you want to sell the asset, you'll need to retire the asset. 
-- 
Charles Allen, MVP



"Peter" wrote:

> Hi,
> Does anyone know how can I manage the leased assets in GP 10, and after the 
> leasing period is finished I can sell it or lease I again to another customer.
> Any help would be appreciated
> 
0
Reply Utf 1/11/2010 11:10:01 PM


Thanks Charles but I think you didn`t get my point, I am not using leased 
assets, all the assets I own them  but I am leasing this assets to the 
customer so how can manage it is in GP

"Charles Allen" wrote:

> You can mark if an asset is leased and enter leasing information about them. 
> If you want to sell the asset, you'll need to retire the asset. 
> -- 
> Charles Allen, MVP
> 
> 
> 
> "Peter" wrote:
> 
> > Hi,
> > Does anyone know how can I manage the leased assets in GP 10, and after the 
> > leasing period is finished I can sell it or lease I again to another customer.
> > Any help would be appreciated
> > 
0
Reply Utf 1/12/2010 7:26:01 AM

Peter,

You should be able to manage the lease payments using Scheduled
Payments.  I don't think any special treatment would apply to the
asset itself regarding depreciation unless there are special
depreciation rules asociated with leased assets that I'm not aware
of.  Just set the item up as a fixed asset, make the location on the
asset card the customer location, use Scheduled Payments to calculate
and manage the periodic lease payments.  When the lease term is up,
change the location on the asset to either the client's company
location, or if leasing it to another customer, change it to that
customer location and setup Scheduled Payments for that customer.

If the asset is sold, perform an asset retirement, place the retired
asset in inventory at its net book value, and sell it on an SOP
invoice.

Hope this helps,

Frank Hamelly
MCP-GP, MCT, MVP
East Coast Dynamics
www.eastcoast-dynamics.com

get your gptip42today at www.gp2themax.blogspot.com


0
Reply Frank 1/12/2010 1:52:49 PM

Thanks a lot Frank i will try it 

"Frank Hamelly, MCP-GP, MCT, MVP" wrote:

> Peter,
> 
> You should be able to manage the lease payments using Scheduled
> Payments.  I don't think any special treatment would apply to the
> asset itself regarding depreciation unless there are special
> depreciation rules asociated with leased assets that I'm not aware
> of.  Just set the item up as a fixed asset, make the location on the
> asset card the customer location, use Scheduled Payments to calculate
> and manage the periodic lease payments.  When the lease term is up,
> change the location on the asset to either the client's company
> location, or if leasing it to another customer, change it to that
> customer location and setup Scheduled Payments for that customer.
> 
> If the asset is sold, perform an asset retirement, place the retired
> asset in inventory at its net book value, and sell it on an SOP
> invoice.
> 
> Hope this helps,
> 
> Frank Hamelly
> MCP-GP, MCT, MVP
> East Coast Dynamics
> www.eastcoast-dynamics.com
> 
> get your gptip42today at www.gp2themax.blogspot.com
> 
> 
> .
> 
0
Reply Utf 1/12/2010 9:02:01 PM

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