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Refunds

There are two possible ways to enter a refund into EZLease:

  1. If the refund is related to a contractual provision, or a Covid-19 restructuring, you can enter a variable lease payment for a negative amount. You'll get a journal entry with a debit to cash, credit to variable lease payments (a normal VLP would be the other way around).

  1. Revise the lease. Change the rent for the period when the refund was received to zero; if the refund was larger than that, extend the rent holiday backwards for multiple months. This will result in a reversal of rent payments.

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