Click Add Leases from the top navigation bar and choose one of the following:
Step 1: Description & Term
Fill in the details (including adding any custom fields) and click Save and Continue. The following are minimum required fields:
If expected options are not displayed for the following fields, certain user roles can click Add to the right of the field to add it during this step: Reporting Entity, Asset Type, Location, and Lessor.
Step 2: Lease Payments
Fill in Discount Rate, Incentives Received (if applicable), Initial Direct Costs, Payment Frequency, and Payment Amounts. If entering a transition lease where the start date equals the application date of the new standard, you'll enter Existing Balances. Click Save and Continue in the bottom-right corner.
Step 3: GL Accounts
Enter GL Accounts and Cost Centre allocations. The accounts default based on the selected Reporting Entity. If there is only one account available, it will be selected by default. Click Save and Continue.
Step 4: Variable Expenses & Other Payments
This step is optional but is used to enter variable type expenses or other non-lease payments to help organisations easily populate disclosures in preparation for filing. For more information on what may qualify, click here.
Step 5: Attach Documents
Click Upload, find/select the file, and click Open. You can add a name to the lease file (optional).
If you finished all the sections of the lease, it appears with a Complete status on the My Leases page. For organisations with the Review policy enabled, leases awaiting approval will be in Review status.
If you exit the lease without completing all the sections, it appears with an Incomplete status on the My Leases page. Click on the ⋮ (more) option to the left of the lease name and select Continue.
