System Options

Overview

EZLease offers you a number of options to alter how the program runs and calculations are performed. Since making changes to these options can, in some cases, alter report results, you have the option of locking the changes by entering a password. Once a password is set, any user of EZLease can view the System Options, but you must enter the password correctly to make any changes. To change a System Options password, enter the current password to unlock the options, then enter a new password in the password box. You are prompted to repeat the password before it is saved.

System Options is on the File menu of EZLease's main lease entry screen (File > System Options).

The following options are available, grouped in separate tabs:

Selections

• Accounting methodology

• Number of separate years in future rent commitment report

• Default depreciation method

• Accrual calculation method

• Rent commitments by

•   Display executory cost types separately in future rent report

• Report tenant allowance separately from rent

•   Include future leases in future minimum rent commitments

• Smooth rent leveling

• Separate level rent from operating rent

• XML spreadsheet output

• Open Excel to display spreadsheet output

• Report depreciation after lease expiration

•   Descending asset and obligation balances in amort schedule

• Automatically open most recently used database

• Descriptive fields in all spreadsheet output

• Configuration options

New Standard

• Effective date of new standard

• Comparative period beginning

• Default standard to use

• Display executory costs

• Display nonlease components

• Combine accrued interest with liability

• Prompt to confirm classification

• Apply to comparative periods

• Threshold for low-value assets

Text

• Maximum interest rate

• User-defined fields

• Executory cost titles

• Nonlease component titles

• User-defined date 1, 2

• Variable lease payments 1, 2

• Displayed company name

•   Options store location

Notice Dates

•   Check dates each time EZLease opens a database

• Notify of rent changes

• Notify of expirations

• Reset all to Display/Don't Display

• Fiscal Dates

• UDF Choices

Account Numbering

• Account numbering

ARO

• Accretion compounding

• ARO rates shown

• Start calculating ARO expense

• Economic penalty test

• Accretion rates table

• Recalculate accretion when rate changes (IFRS)

• Group-specific rates

• Recalculate AROs