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Purchase order for leasing equipment

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Posted on by Community Member Microsoft Employee

Hi,

I am using GP 2010, issuing purchase order for leasing equipment cost $450 and leasing period is three years. When I receive the goods against purchase order all receiving cost transfer to following account

Expense account (DR)

Accrued Liability account (CR)

I cannot book the expense account with three years lease cost in first year. Now I am splitting my Purchase order into few lines.

Line 1, quantity 14 extended cost $14

Line 2, quantity 03 extended cost $03

Line 3, lease for the first year extended cost $133

Line 4. lease for the 2nd year extended cost $150

Line 5. lease for the 3rd year extended cost $150

Is there anybody who has experience for leasing purchase order as I want to receive the quantity with their actual cost and book the expense account on yearly basis.

Regards,

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