Lease Liability per Lease report provides a breakdown of cash flow and all operations related with Lease Liability in lease-by-lease fashion. The report can be accessed from the Role Center, as seen below. You are required to select Start Date and End Date of data you want to view. You can also select if you want to use Posting Date (which will show...

On the Lease Agreement Card if you have selected Interest Implicit in Lease, you will be able to enter Lease liability at Commencement. The system will then provide an Interest Rate amount, based on payments and term to fit. In the example above, Lease Liability on Commencement was entered as 18000. The system (based on provided payments and term) c...

Version 100.x.27.0 New features A step-by-step guide for streamlined SOFT4Lessee installation. Find out more .  Purchase Invoice functionality. If an invoice is marked for leases, the system now checks the amounts in purchase lines. There is also an option to generate invoices based on leases for the selected period. Find out more . GL Preview / Int...

Version 22.0: Migration interest rate only calculated if „Solve for Discount Rate“ selected in Lease Setup. Fix for reversing Lease Agreement if entries reversed (now including Reversed by SOFT4). Company select in Consolidated reports (can use multiple selects). Security Deposits functionality. New account for Receivable in Lease Categories. Lease ...

In Soft4Lessee, you can take some templates of reports and customize them to fit your needs. Let's overview how to edit report templates. Adding Totals to RoU Report Let's start by downloading the RoU Asset Report template. You can find it by going to Report Layouts page via search bar. In the Report Layouts page, find the RoU Asset Report template....

From product version 100.0.27.0, you can enable a feature that creates purchase invoices for leases automatically, making your lease management more efficient. To enable this functionality, first go to the Lease Setup page, and under the Accounting Settings tab, enable option Use Purchase Invoices. You also should be using Vendors instead of Contact...

For a quicker and simpler process of data migration, our system has setup wizard that helps in setting up all your companies and importing all your data. In this article we will walk through each step of the wizard, providing additional information about it's various points. The wizard will guide you through each system setup process - from settings...

Once you decide to migrate to Soft4Lessee, you'll have to enter your current lease data into our specialized data template, which will later be imported into the system. To avoid common pitfalls, read the notes below and keep them in mind when filling in the template!   Mandatory fields In the lease data template, you'll encounter fields either mark...

From product version 100.0.27.0, you can enable a feature that makes it possible to preview all postings done to the G/L. To enable this functionality, first go to the Lease Setup page, and under the Accounting Settings tab, Gen. Journal section, select your preferred method on field Journal Posting Type. There are three different methods - All Stra...

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To copy a company you need to go into Companies page and select which company you would like to copy.   After selecting company to copy - select from action bar Copy action. After selecting Copy you would be prompted to create a new name for copied company and select that you understand locking of company during copy: After waiting for a bit you wil...

Version 100.x.27.0 New features Email reminders about agreement expiration dates SOFT4Lessee now automatically sends email notifications to alert users about upcoming agreement expirations. You can configure reminder settings for specific user groups, making it ideal for infrequent software users or when certain people need advance notice about expi...

Version 24.0 New features Email reminders about agreement expiration dates SOFT4Lessee now automatically sends email notifications to alert users about upcoming agreement expirations. You can configure reminder settings for specific user groups, making it ideal for infrequent software users or when certain people need advance notice about expiring a...

RoU Asset report states balances of different assets for a selected period of time. The report can be ran from the Role Center, as seen below. You are required to select Start Date and End Date of data you want to view. You can also select if you want to use Posting Date (which will show current balances from G/L) or Document Date - meaning, when le...

To send emails about expiring leases, complete a few setup steps. If it's not already configured, set up emails in your environment. To do this, type Set Up Email in the search bar and select the corresponding option. A window will open. Then click Next. In the next step, select the Current User option. Emails will be sent using the email address as...

Version 23.0: New Functionality : new companies can be setup to use Fixed Assets for calculation of Right-of-Use Asset. Lease Setup new action for quick setup of Fixed Asset Setup if „Use Fixed Assets for RoU“ selected. Fixed Asset can be created on expiration of Lease if it is financial lease and depreciation term longer than Lease Term. Quick acce...

You can set up your environment to use the deferred tax functionality. To enable this functionality, first, from the Role Center, navigate to Setup → Lease Setup. In the Lease Setup page, under the Accounting Settings tab, enable the Use Deferred Tax option and also fill in the Deferred Tax (%) field. In the Lease Categories page, fill in which acco...

After your lease data is imported into the system, it will need to be reviewed. Since our system may calculate certain values differently, discrepancies can occur between the system’s view of the lease and the provided lease status. Any difference will be posted as a Remeasurement. Our objective is to minimize this value. If the Remeasurement on a l...