12-16-2010, 08:13 PM
We are planning to implement Capital Leases for Fixed Assets.
I have below queries for this...
1. Once I setup the Lease Details and Lease Payments, will there be any impact on Asset Books until I associate to an Asset?
2. After I associate the lease to an asset, will there be an impact on Tax books? If there is an impact, how to differentiate them?
Can anyone please help me in this?