Creating and Configuring Lessors
Last updated on 2024-12-19
Overview
A lessor is the party the owns the underlying asset and transfers it to another party (the lessee) for a contractually agreed lease term, under certain conditions. Lessors are the contracting parties that provide the basis for lease contracts in Lease Accounting.
Lessors are created and configured in the workspace of the same name.
As an alternative to manual creation, lessors can also be added by importing a CSV file (see Importing Data Automatically).
This article contains the following sections:
The ‘Lessors’ Workspace
The Lessors workspace displays all the lessors that have already been created:
The 'Lessors' workspace
Creating Lessors
Click Add a new lessor to create a new lessor.
In the displayed dialog, configure the options for the New lessor as described in the next chapter.
Configuring a Lessor
When configuring a lessor, the following options are available:
Fields marked with a * are mandatory fields. The number of mandatory fields in each tab and how many have already been filled in is shown next to the name of the tab: 
The 'General information' tab
Option
Description
Name of the lessor
Name of the lessor
Lessor ID
Creditor number for the lessor
Releated reporting entity
The reporting entity to which the lessor can be assigned as the sole contractual partner (lessee)
- All reporting entities that have been imported in Lease Accounting are available for selection.
- If the lessor is a contractual partner to several different lessees, this field must be left empty.
Country or region
Shows the lessor’s country or region
You can select the required entry in the drop-down list or search for it using the Search box.
The 'Contact person' tab
Option
Description
First name
First name of the lessor’s contact person
Last name
Surname of the lessor’s contact person
E-mail address
The contact person's e-mail address
Job position
The contact person’s position
The 'Comments' tab
Use the Additional information tab to add comments on the lessor in a plain text box.