GL Account Description
- 14 Feb 2023
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GL Account Description
- Updated on 14 Feb 2023
- 1 Minute to read
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Contributors
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Use Case: To describe different accounts and their uses in NetLease
| Account | Lease Type | Entry |
|---|---|---|
| Right of Use Asset | Financing, Operating |
|
| Right of Use Asset Accumulated Amortization Asset | Financing, Operating |
|
| Right of Use Asset Clearing | ||
| Lease Payments | Financing, Operating |
|
| Lease Liability Short Term | Financing, Operating |
|
| Lease Liability Long Term | Financing, Operating |
|
| Lease Liability Long Term Contra | Financing, Operating |
|
| Lease Expense (Operating) | Operating |
|
| Interest Expense | Financing |
|
| Right of Use Asset Amortization Expense (Financing) | Financing |
|
| Impairment Expense | Financing, Operating |
|
| Gain/Loss on Lease Transactions | Financing, Operating |
|
| Deferred Rent | Short Term Low Value, |
|
| Sublease Income | Operating Sublease |
|
| Accrued Rent Receivable/Deposit Liability | Operating Sublease |
|
| Transition Clearing | Leases Using Mid-life Balances Report |
|
| Lease Interest Income | Financing Sublease |
|
| Net Investment in Lease | Financing Sublease |
|
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