NetLessor - Subledger Period End Balances
Purpose
The NetLessor Subledger Period End Balances Report is used to review the period-end subledger lease balances by lease. These balances should be compared to the net investment in lease, capitalized initial direct costs, and deferred rent receivable summary reports to validate the expected balances per the NetLessor subledger agree to the GL.
How To
Navigation:
NetLessor > Reports (All or Subledger) > Subledger Period End Balances > Run
Filtering:
The report search can be narrowed down by adjusting the filters for period, dates, subsidiary, lease ID, and status. The report will automatically update as filtering options are selected.
| Required Filter for a single month to show period end lease balances. Time periods longer than a single month will result in multiple lines for each lease, which will not be reflective of period end balances. |
Results
Upon running the report the user will see the Net Investment in Lease and Deferred Rent Receivable by lease for the selected period. Each lease is labeled by its lease classification (operating, sales type, or direct financing). Select the EXPORT button to download the report into Excel.
NOTE: This report shows amounts in the contract currency and not in the consolidated company currency.
Troubleshooting
1. If desired leases do not appear in the report, check the selected filters to ensure leases are not being restricted from view.