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Accounting Administration

The following are options in Account Administration:


Configuration Settings: Master data settings that are typically configured during implementation. See below for more information.

Month-End Closing: This opens the Month-End Closing workspace where you can close the books at a specific effective date and see a list of previous closings.

Policy Elections: This opens the Policy Elections workspace, for indicating the practical expedients that your company has opted to use for each accounting standard and for transitioning ledgers to the new standard.

Download a PDF version of the guide.

Configuration Settings    

The Configuration Settings, which are configured during implementation and updated as needed, include tiles for the following workspaces:

  • Templates: Used when creating emails to send as notifications.

  • Notifications: Emails sent by default when a specified action occurs.

  • Cost Centers: This is where you indicate the cost centers that your company uses.

  • Tags: Where you configure new Deal Tags to be used on individual leases or RFPs.

  • Custom Participant Configuration: Where you can configure custom participants at the schedule, asset, and allocation level.

  • Exchange Rates: LeaseAccelerator uses these to determine the values for currency based on US dollars (or your custom-defined base currency).

  • Lessee Rates: Allows you to set the IBR, Debt Rate, and Equity Rate per Lessee per country and term.

  • Tax Rates: Allows you to set the tax rates per Lessee per country.

  • Ledger Number: Where you configure your set of books, and specify ledger coding.

  • Fiscal Calendar: Must be configured for at least ten years prior to the start of your oldest lease and ten years after the end of your latest lease, including Reasonably Certain Holding Periods.

  • Asset Types: Specifies the accounting treatment, based on category.

  • Custom Product Sub-Categories: Where you can configure custom product sub-categories to enable unique economic lives during Asset Types configuration.

  • Thresholds: Set by Lessee and country to determine lease classification.

  • Lessee Info: Debt weight, credit rating, and NOL final year for each Lessee.

  • Financials: Revenue, net income, net worth, total assets, and reporting currency for each Lessee.

Note: Settings are only available to Power Users or System Admin Users. For more information, please see the LeaseAccelerator User Guide – Configuration.

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