- Knowledge Base
- FAQ
- Payments
How do I handle non-lease payments when I elect to include them with lease payments?
When you make the election to combine lease and non-lease payments (ASC 842-10-15-37) , then those payments become lease payments under the standard. In LeaseCrunch, those payments should be entered in the Lease Payments & Classification tab. By entering payments here, they will be included in the calculation of the ROU Asset.
If you'd like to still see the payments separately, you can enter separate payment streams for the same time period.