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- Open the Finance Leasing Entry window. (Transactions > Equipment > Finance Lease Entry)
- Enter or select the schedule number.
You can edit the interest rate, calculated payment amount, final invoice amount, as well as the unearned interest income account, and interest income account. Select Calculate to have the system determine the calculated payment amount.
Note If you are editing a schedule
with at least one invoice posted, and you change the number of payments, the posted invoice will count as one payment. For example, a lease was created with 5 payments of $500. You posted one invoice. Then you edit the schedule to 3 payments. If you look at the amortization schedule, you will only see payments 2 and 3 for $10,000 each. The first payment of $500 does not display, but the payment still counts as the first payment.
If at least one invoice has been created, the Calculated Payment Amount field is disabled.
Select Save.
| Note |
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| If you want to process a previously-released scheduled to post the schedule and create the credit memo for the posted original document, select Process. |
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