Asset leasing - Nov 2020 upcoming feature expected in Microsoft Dynamics 365 Finance

Asset leasing - Nov 2020 upcoming feature expected in Microsoft Dynamics 365 Finance

Asset leasing includes the following functions:

• Automates complex lease calculation of a lease’s present value, and its subsequent processes such as future lease payments, amortization of lease liability, and the right-of-use asset depreciation and expenses schedules.
• Helps automatically classify the lease as either operating or finance, or as a short-term lease or low-value lease. The lease classification tests include Transfer of ownership, Purchase option, Lease term, Present value, and Unique asset.
• Centralizes the management of lease information, such as important dates, including the commencement and expiration dates, as well as the lease’s transaction currency, payment amounts, and payment frequency.
• Helps generate accounting entries for the initial recognition and subsequent measurement of the lease liability and right-of-use asset.
• Reduces time for complex calculation of lease modification and automatic adjustment transactions.
• Provides posting to different layers to accommodate different reporting purposes, such as tax reports that are available in Dynamics 365 Finance.
• Complies with the accounting standards to represent leases in balance sheets using the Balance sheet impact calculator.
• Provides audit controls over the integrity of the lease data to ensure that the posted transactions match the calculated amounts of the present value, future payments, and liability amortization.
• Provides tools to import from or export to Excel for all lease data.
• Includes features that help in preparing asset leasing reports, particularly the preparation of disclosures and notes.
• Integrates with your company chart of accounts, currencies, fixed assets, vendors, journals, data management, and number sequences.

Reference https://docs.microsoft.com/en-us/dynamics365-release-plan/2020wave2/finance-operations/dynamics365-finance/asset-leasing