Suspended/Non-Accrual Leases [R0602]
The
Suspended/Non-Accrual Leases report [R0602] lists all Non-Accrual leases and leases
whose earnings have been suspended. Suspended status codes are set through the
Suspended Earnings update [U0115]. This update is used to place a lease on a suspended
earnings status as of the current accrued to date or a date in the past, change
the status of a lease from one suspended status to another, or to remove a lease
from a suspended earnings status.
When income earnings are suspended,
all outstanding lease payment receivables (due on or after the effective date
of the earnings suspension) and unbilled interest (as of the effective date) are
transferred to suspended General Ledger accounts. Receivables due before the effective
date of the earnings suspension are unaffected.
The accrual process
sets up receivables in the suspended receivables G/L account (separated into principal
and income portions) and income in the Suspended Income Accrued G/L account. Invoicing
continues as normal. If a payment is received, the payment is allocated against
principal and income in the usual manner. The amount of income paid is accumulated
in a suspended income collected Master Financial (RLS) file field. If earnings
are reinstated for the account, the Suspended Income Accrued is transferred to
the normal income G/L account. If the account is charged off, the suspended income
collected is re-applied against the remaining principal balance or contract receivable
(before the loss/amount to charge against bad debt reserve is calculated).
This report includes leases with the following activity statuses:
HHLD Non-Accrual
hold
HINS Non-Accrual non-insurance
HREC Non-Accrual rescission
HREP Non-Accrual involuntary repossession
HSET Non-Accrual insurance settlement
HSKP Non-Accrual skip
HVOL Non-Accrual voluntary repossession
NHLD Suspended hold
NINS Suspended non-insurance
NREC Suspended rescission
NREP Suspended involuntary repossession
NSET Suspended insurance settlement
NSKP Suspended skip
NVOL Suspended voluntary repossession
The suspended leases are in some transitional stage and are not currently earning income, but rather accumulating suspended income in suspended income accounts. Use the Suspended Earnings report [R0609] to view the suspended income accumulated. If a lease is removed from a suspended status using the Suspended Earnings update [U0115], suspended earnings are automatically reinstated.
If the Lease Discounting module is purchased and used, this report may also be used to view a list of discounted leases (leases of NDSC status) if the accounting unit or the lease entered for reporting is in a Lease Discounting portfolio. Refer to the Lease Discounting update [U0123] for more information.
The report is organized by Portfolio, Company, Region, Office, or by Customer, Group. The report may be accessed through the Collection/Tracking report menu [R06]. The report 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
Suspended/Non-Accrual Leases Selection
- ALL
Enter X to report on all leases in a suspended earnings or non-accrual status. 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.
Suspended/Non-Accrual Leases Report
The Suspended/Non-accrual Leases report [R0602] reports at the lease level and provides the following information:
- LEASE
- LESSEE
SHORT NAME
- ACT
STAT
The short form of one the following activity status values is displayed:
HHLD Non-Accrual hold
HREC Non-Accrual Rescission
HREP Non-Accrual Involuntary Repo
HSKP Non-Accrual Skip
HINS Non-Accrual Non-Insurance
HSET Non-Accrual Insurance Settlement
HVOL Non-Accrual Voluntary Repo
NHLD Suspended Hold
NREC Suspended Rescission
NREP Suspended Involuntary Repo
NSKP Suspended Skip
NINS Suspended Non-Insurance
NSET Suspended Insurance Settlement
NVOL Suspended Voluntary Repo
NDSC Discounting lease
- SUSPEND
EFF DATE
The effective date of the suspension is displayed.
- LEASE
COM DATE
The lease commencement date is displayed. The commencement date to the maturity date equals the term of the lease.
- PMTS
ACCR
The number of payments accrued is displayed.
- DAYS
DELQ
The number of days from the most delinquent payment date to the current date is displayed. A switch on the New Lease screen of the Portfolio update [U0212NL] allows an alternative calculation of number of days delinquent which presumes all months have 30 days.
- DAYS SUSP
The number of days since the suspension effective 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 + ITC + INVESTOR)
+ UNAMORTIZED IDCFor simple interest leases:
ACCRUED PRINCIPAL
For operating leases:
- ESTIMATED
PAYOFF
The payoff amount as of the suspension effective date is displayed. For interest bearing loans, if the suspension effective date is before the last payment effective date, the last payment effective date is used instead. "N/A" is printed for the ESTIMATED PAYOFF if the payoff amount cannot be calculated. Generally, this means that the payoff method from the lease form code is invalid for the lease.
- LAST
PMT DATE
The date a lease payment was last processed on the system is displayed.
- MOST DEL INVOICE
The payment due date of the most delinquent invoice is displayed.
-
TOTALS
Page totals for number of leases, net investment and estimated payoff are shown by office. Group totals are shown if customer/group is selected. Suspended and Non-accrual leases are totaled separately Region, company, portfolio, and grand totals are shown for number of leases (Suspended and Non-Accrual), net investment and estimated payoff. Customer totals are shown if customer/group is selected.
NET
BOOK VALUE
= (LEASED ASSET COST - ACCUMULATED DEPRECIATION)
LeasePak Documentation Suite
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