Lease Accounting Software – Deposit Management

Upload Lease Deposit

Depositscheme
Depoistinput

Deposits with sample data

Import ‘Lease advance’ file

Click the import data and upload the advance.csv in the given format

Advance Upload

Deposits uploaded

Myadvances 1

Compute the Lease Deposit

Prepare the schedule of dates first.

1. Discount factor is based on the rate given in the Advances file by adding the two fields –

Compute The Lease Deposit

Let us call the sum total of these two as ‘Rate for Deposit’

2. For the first line, where the advance amount is given the discount factor is found by the number of days from the start date to the end date in the formula:

3. For the subsequent lines, the number of days is the current date less the start date.

4. The initial carrying value is the same as the present value.

5. Imputed interest is the current carrying value less previous carrying value. 6. Amortization is the Right to Use Deposit divided by the total number of days multiplied by the number of days between the current date less previous date.

Lease Accounting Software

Lease Accounting Software Computation Process

Lease Accounting Software Computation Process Generate cash flows Based on the start date, effective date, end date, frequency of the lease, payable at beginning or end etc, cash flows for the entire period is generated as follows: Change the following data – only start from 1-4-2019 onwards Variable cashflows If you upload lease with Cash …
Read More

Lease Accounting Software Modification and Termination

Lease Accounting Software Modification and Termination 1. Processing is done on a quarterly basis. 2. Journal entries are passed on a monthly basis always. All entries will be dated the end of each month. Exception is the payment of lease rental and other payments which will be the actual date of such …
Read More

Lease Accounting Software – Data Input Process

Lease Accounting Software – Data Input Process Creation of Company Super Admin is the administrative contact from RVSBELL Analytics, who will create the company and the user login ids for all the users of the application. Creation of users Three users are created by the Super Admin viz., Accountant, Manager and Auditor. All the …
Read More

Subscribe to our News Letter

Get periodical updates from us

Subscribe to our News Letter

I hope you enjoy reading this blog