Unexercised Purchase Options [R0608]

 

The Unexercised Purchase Options report [R0608] lists all leases whose fixed price purchase option is due but not yet paid. The report may be accessed through the Collection/Tracking report menu [R06]. The report is organized by Portfolio, Company, Region, Office, or by Customer, Group and may be selected interactively for:

• All leases
• All customers and groups
• A portfolio
• A company
• A region
• An office
• A lease
• A customer
• A customer/group

Unexercised Purchase Options Selection

• ALL
  Enter X to report on all leases whose fixed price purchase option is due but not yet paid. Leave blank to report on a specific portfolio, company, region, office, lease, customer and/or group. If ALL is selected, leases that belong to a customer or to a group are also reported, sorted by their portfolio, company, region, office, and lease numbers, rather than their customer or group numbers.
  
  
• ALL CUST
  Enter X to report on all customers. Leave blank to report on a specific portfolio, company, region, office, lease, customer and/or group. If ALL CUST is selected, only leases that belong to a customer or to a group are reported (sorted by customer and group).
  
  
• PORT
  Enter the number of the portfolio upon which to report. Leave blank if reporting across portfolios.
  
  
• COMP
  Enter the number of the company upon which to report. Leave blank if reporting across companies.
  
  
• REGN
  Enter the number of the region upon which to report. Leave blank if reporting across regions.
  
  
• OFFIC
  Enter the number of the office upon which to report. Leave blank if reporting across offices.
  
  
• LEASE
  Enter the number of the specific lease upon which to report.
  
  
• CUST
  Enter the number of the customer upon which to report. CUST may not be entered if a portfolio, company, region, office, or lease number is entered. CUST must be entered if GROUP is entered.
  
  
• GROUP
  Enter the number of the group upon which to report. GROUP may not be entered if a portfolio, company, region, office, or lease number is entered.

 

Unexercised Purchase Options Report

The Unexercised Purchase Options report [R0608] reports at the lease level and provides the following information:

• LEASE
  
  
• LESSEE SHORT NAME
  
  
• LAST PMT DATE
  The date the last payment was due is displayed.
  
  
• MATURITY DATE
  The maturity date of the lease is displayed.
  
  
• DAYS MATURED
  The number of days from the maturity date to the current date is displayed.
  
  
• NET INVESTMENT
  The net investment for the lease is displayed. It is calculated as follows:

  For precomputed interest leases:

  CONTRACT RECEIVABLE
  + RESIDUAL
  - UNEARNED INCOME (LESSOR + VENDOR + INVESTOR)

  For simple interest leases:

  ACCRUED PRINCIPAL

  For operating leases:

NET BOOK VALUE
= (LEASED ASSET COST - ACCUMULATED DEPRECIATION)

• OUTSTANDING RECEIVABLES
  The amount of outstanding receivables for the lease is displayed.
  
  
• PURCHASE OPTION
  The amount of the fixed price purchase option is displayed.
  
  
• TOTAL DUE
  The total amount due is displayed.
  
  
• TOTALS
  Page totals for number of leases, net investment, outstanding receivables, purchase option and total due are shown by office. Group totals are shown if customer/group is selected.
  
  Region, company, portfolio, and grand totals are shown for number of leases, net investment, outstanding receivables, purchase option and total due. Customer totals are shown if customer/group is selected.

 

LeasePak  Reference Guide

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