NetLease - Lease Expense, Depreciation, Payments & Interest
Purpose
The lease expense, depreciation, payments, and interest report provides a summary by lease of the activity for the selected period, including payments, expense, and balance adjustments to support journal entry amounts across classifications.
Navigation:
NetLease > Reports (All or Subledger) > Lease Expense, Depreciation, Payments & Interest > Run
Filtering:
The report search can be narrowed down by adjusting the filters for subsidiary, status, lease type, lease ID, lease name, period, and date. The report will automatically update as filtering options are selected.
Filter by by specific lease or do not filter to export the full schedule
Results
Upon running the schedule the user will see a single line schedule by lease for the selected period, subsidiary, lease type, and/or status from the NetLease subledger. Each lease line item will include general information about the lease (ID, classification, status, etc.) and schedule information (Payment, lease expense, allocated to principal, allocated to interest, and, amortization amount).
Troubleshooting
Is the report missing leases?
1. If desired leases do not appear in the report, check the selected filters to ensure leases are not being restricted from view.
2. Verify leases status has been updated from pending to commenced or further.