We have numerous leasing agreements across all department, cost centres and managing these agreement via an external software. As we need to report leasing cost separately in the P&L, if each lease agreement was captured as it own account ledger (AP now LA), each leasing agreement can be independent managed, reported etc. and as it has it's own nominal account, and will be audited accordingly. This will allow accurate reporting in the nominals, on the true cost of leasing per item and also shown all the indirect hidden cost of leasing equipment.
Idea Benefit | Being able to split the leasing cost from direct running cost of owned assets. You should be able to determine in future to chose between leasing or ownership costs |
How do you solve for this problem today? | Running multiple version in an external software, which Sage holds the original data, but cannot be easily separated data in Sage reports. |
When you have multiple trading subsidiary, it is best to produce a single set of accounts for a company as a stand alone entity, thus you are able to determine it's return on investment.
Couldn't you use a subsidiary company that consolidates into the main company?