Thanks for sharing! Yes, this is a common scenario. Many companies prefer booking lease costs based on actual annual payments rather than spreading the total evenly. Solutions usually involve customizing the system or using specific accounting rules to match payments with each year's lease expense.
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Michael Caine
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Original Message:
Sent: Wed June 20, 2018 01:58 PM
From: Geoffrey Morgan
Subject: Implementing TRIRIGA Real Estate - Question About Billing
Our understanding is that out of the box TriRiga will apply the total cost of a lease over the useful life of a lease. For example: if you have a 3 year lease, that you pay annually, in year 1 paying £12k, year 2 paying £24k, and year 3 paying £48k, TriRiga will take the total amount of £84k and charge £2.33k per month for each of the 36 months. Whereas what we want to do is book £12k in year 1, £24k in year 2 and £48k in year 3. Do other companies have a similar requirement and how do they handle it?
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Geoffrey Morgan
IT Recruiter
Oxford Solutions
Pittsburgh PA
412-348-2286
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