Lease Accounting Software – Deposit Management

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

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