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, to data import.

The wizard should pop-up upon Soft4Lessee installation. If it doesn't, you can access the Set Up Wizard by navigating to Setup → Set Up Wizard from the Role Center.

 

First, the wizard prompts you to select which features you'd like to use. Select the Setup button on the bottom of the window to access the simplified setup page.

In the Lease Setup Buffer window, you can select various additional features (Variable Costs, Pro-Rata, Automatic Reminders…) or configure certain information (Lease No. numbering series, whether the system will use Vendors or Contacts as Lessors…). 

If you have leases you will import into the system, you should define Migration Date as the date that you have your Closing balances in BC +1 day.

Another important setting here - Interest Calculation Type. Selecting the wrong option may result in higher amounts of Remeasurement calculated for leases. There are two different options for Interest Calculation Type - Power Formula and Flat Rate. Select the one that corresponds to your calculation type.

When you finish configuring your settings, by closing the window, you will be moved to the next setup step, which is Lease Category setup.

After pressing button Categories, you'll need to fill out the lease categories you use and their respective accounts.

You can enter as many categories as you need for your system. All columns need to be completely filled out.

There are several sections for Lease Category setup, navigate through them using Previous Section and Next Section buttons on the top action bar.

In the next step, you can set up Maturity Bands for your system. We provide default time ranges, but you can modify them to fit your processes. Click Maturity Bands button on the bottom action bar to view and modify Maturity Bands.

Upon completion, you'll have to confirm your setup by selecting Confirm Config.

Click on Data Batches button to import your lease data into the system.

In the Lease Batch Card window, select IMPORT Leases, and then follow the steps laid out. 

In the Excel template, fill in your lease data. You will find information on each field on the template itself, and you can also read more about filling in your data here.

Once you finish importing your leases, head back to the Set Up Wizard and click Next.

You have successfully finished setting up your system! Click Finish now.

You will be prompted to apply the setup for other companies. Clicking No will exit out of the wizard. Clicking Yes will display all your companies.

Select the companies you want to copy the setup to, then click OK.

Now your system is all set up! You can explore and test out the system in a sandbox environment, or explore our documentation for more information and guides.