This screen is used to create and maintain information relating to operating leases.
See 'Operating Lease' process for more information.

Enter a unique name for this operating lease/hire purchase agreement. This is required.

Enter description of the operating leases/hire purchase agreements if required in addition to the name.

Select the statutory reporting area - i.e. Administrative, Cost of sales, or Distribution expenses.

If you are unsure as to which statutory reporting area to select, consult your accountant or select administration. This is required.

Enter the start date for the lease contract manually (e.g 19/12/2002) or click on calendar icon to select date from the calendar. This is required.

Enter the end date for the lease contract manually (e.g 19/12/2002) or click on calendar icon to select date from the calendar. This is required.

Enter the first payment date manually (e.g 19/12/2002) or click on calendar icon to select date from the calendar. This is required.

Select period of payment i.e monthly, quarterly etc.

Enter the regular payment amount.

Enter number of payments to be made.

The total cost of lease agreement is automatically calculated using the regular payment amount and the number of payments to be made but this can be changed. This field is required.

Click here if this operating lease or hire purchase agreement has been terminated.