Lease Accounting Release V.1.3

New Features

Multi-Tax for Lease Accounting– The V1.3 release has introduced a new Tax section in the Lease Creation screen and will be visible if the Sage Company is subscribed to the Multi-Tax Module. From this section, a user can now choose the Tax Solution, and include Tax Details on a lease. These taxes will be included in the Lease Payment Schedule and AP Bills generated by the Lease Accounting Module. Additionally, a user will be able to specify if a Tax Detail should be considered when the Lease Accounting module performs the Lease Liability valuation and generates the Lease and ROU Schedules. Along with this new feature, new fields have been added to the Lease screens and Lease schedules. Please refer to the V1.3 user guide for more details on the new fields and steps to use the Tax feature.

Improvements

Export Lease Schedules to CSV – Improvements have been made to the Schedule export functionality of the Lease Accounting Module. A user can now export a detailed or summary view of the lease schedules. To access this, a user can navigate to the Lease Accounting Module>View a Lease> and go to any of the lease schedules. On the top right of the schedules, two new buttons will be available: Export Detail and Export Summary. Both buttons will download a CSV of the selected Schedule within the browser.

Tooltips and Warning Messaging – Improvements have been made to the tooltips and warning messaging around the module to better assist with the user experience. These tooltips will continue to be maintained and improved as new features are added.

System changes from release to release - summary

Release to release summary