Leasing

Contract Leasing

Overview

The lease is between the government departments that are giving the goods as leased; this is done through the generation of a contract and defining fees paid for the use of the goods being delivered.

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Assets ► Leasing ► Contract Leasing

Contract Leasing screen Fields and Tabs

Field	Description
Id	Unique identifier. Automatically generated by the system.
Fiscal Year	Fiscal Year when this voucher is created. Automatically assigned by the system with current fiscal year.
Fiscal Period	Fiscal Period when this voucher was created. Automatically assigned by the system with the current fiscal period.
Institution	Accounting office code.
Customer	The system will populate this attribute with the Customer ID where Customer Status is Active.
Contract Number	Number reference to the contract.
Issue Date	Contract issuing date.
Effective Date	Contract effective date.
Expiration Date	Date of expiration of the contract.
Days of Grace to Renew	Grace period or renewal of the contract.
Is Renewable	Checkbox for renewal of contract. By default unchecked.
Employee	Employee reference ID.
Currency	Currency based on the country.
Exchange Rate	Rate of currency exchange.
Discount Rate	Discount rate on the contract leasing.
Contract Amount	Contract amount for leasing.
Total Contract Amount	Total amount for contract leasing.
Payment Frequency	Frequency on the payment as per contract.
Number Of Payment	Number of the payment done.
Amount Of Fee Payment	Amount of payment for item leasing.
Contract Leasing Operational Status	Possible status could be, Application Process, Active Contract, Expired, Cancelled, Rescinded.
Renewed Contract Leasing	Leasing ID of renewed Contract Leasing.
Reason	Reason of the contract.
Language	Country specific language used.
Description	Description of the feature and details.
Lease Terms	Terms for leasing the item.
Exclusions	Provisions that explicitly limit the contract provided by a leasing.
Created By	User created the leasing item.
Created Date	Contract Leasing creating date.
Approved By	Approved by user
Approved Date	Date of approval.
Leasing Asset Item	Details of the Items to be given/taken on lease.

Payment Items Leasing

Overview

Feature containing the detailed information of payments made on the basis of leasing.

Navigation

Assets ► Leasing ► Payment Items Leasing

Payment Items Leasing screen Fields and Tabs

Field	Description
Id	Unique identifier. Automatically generated by the system.
Fiscal Year	Fiscal Year when this voucher is created. Automatically assigned by the system with current fiscal year.
Fiscal Period	Fiscal Period when this voucher was created. Automatically assigned by the system with the current fiscal period.
Institution	Accounting office code.
Workflow Status	Shows the workflow status.eg. Created.
Payment number	Number of the payment done.
Payment Amount	Amount of payment for item leasing.
is Requires Partial Payments	Checkbox by default unchecked.
Payment Date	Date of the Payment.
Date And Time	System Current Date time. Populated automatically by the system.
Language	Country specific language used.
Observation	Observation details of Payment Items Leasing.
Created By	User created the leasing item.
Created Date	Payment Items leasing creating date.
Approved By	Approved by user
Approved Date	Date of approval.

Statement Of Payment

Overview

Feature that keeps track of the statement for the payments to be made for the lease of state assets.

Navigation

Assets ► Leasing ► Statement of Payment

Statement of Payment screen Fields and Tabs

Field	Description
Id	Unique identifier. Automatically generated by the system.
Fiscal Year	Fiscal Year when this voucher is created. Automatically assigned by the system with current fiscal year.
Fiscal Period	Fiscal Period when this voucher was created. Automatically assigned by the system with the current fiscal period.
Institution	Accounting office code.
Workflow Status	Shows the workflow status.eg. Created.
Number Payment Executed	Executed number of the Payment.
Number Payment Pending	Pending number of the Payment.
Amount Pending	Amount pending for the Payment.
Reason	Reason of the payment statement.
Language	Country specific language used.
Observation	Description of the feature and details.
Created By	User created the leasing item.
Created Date	Statement Of Payment creating date.
Approved By	Approved by user
Approved Date	Date of approval.
Payment Items Leasing	Details of the payments against Items to be given/taken on lease.