Portal-Based Lease Management Process Overview
"Explore how the portal streamlines lease repayment, accounting under IFRS 16, and invoice management. Learn to set up leasing suppliers, track lease details, and generate insightful reports for better financial control."
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Leasing and the Portal AOB Portal - Lease Repayment Presented by Nick Wright
Introduction IFRS 16 & how we use the Portal Why, when we have the ledger? How do we use the Portal Reporting
How do we use the Portal All invoices uploaded to the Portal Set up specific (Leasing) suppliers Identify leases & Attribute Leases to suppliers Invoices
Source of information / Portal Records Lessor details from the wider Trust (Estates, Fleet, Procurement, Finance etc) Lease Details We Set up in Portal Name Value Optional % attributable to lease rent From Ledger Imported directly from ledger Invoice No Date Total net Value Description Ledger Subjective
Lessor Details Lease Name Lease Description Current Rent Relevant Dates General Information
Individual Lease Name Scroll through if multiple Leases Lessor Name and Supplier No Linked Invoices Attributable Rent %
Reporting Summary of Leases Linked Invoices Not Linked
Export from the leases window: Shows the annual lease cost and cumulative cost of invoices paid Remaining expected spend Description My Lease ID My Lease Name My Status PT Type Other Side Leade ID Other Side Status My Lease Amount Other Side Lease Amount Linked Amount Variance EMERSON MANAGEMENT SERVICES LIMITED EMERSON MANAGEMENT SERVICES LIMITED EMERSON MANAGEMENT SERVICES LIMITED EMERSON MANAGEMENT SERVICES LIMITED EMERSON MANAGEMENT SERVICES LIMITED EMERSON MANAGEMENT SERVICES LIMITED South Ribble Borough Council 1103 Cumberland Council Cumberland Council Merseyside Fire and Rescue Authority Merseyside Fire and Rescue Authority Merseyside Fire and Rescue Authority Merseyside Fire and Rescue Authority Merseyside Fire and Rescue Authority Merseyside Fire and Rescue Authority SIEMENS FINANCIAL SERVICES LIMITED Lancashire Combined Fire and Rescue Authority Lancashire Combined Fire and Rescue Authority Cheshire West and Chester Unitary Authority VENSON AUTOMOTIVE SOLUTIONS LIMITED VENSON AUTOMOTIVE SOLUTIONS LIMITED VENSON AUTOMOTIVE SOLUTIONS LIMITED VENSON AUTOMOTIVE SOLUTIONS LIMITED VENSON AUTOMOTIVE SOLUTIONS LIMITED VENSON AUTOMOTIVE SOLUTIONS LIMITED VENSON AUTOMOTIVE SOLUTIONS LIMITED VENSON AUTOMOTIVE SOLUTIONS LIMITED P0002a P0002b P0003 P0002 P0030 P0030a 111 Sefton House - Car Park Unassigned 111 Sefton House - Car Park (12) 111 Sefton House - Part 1st Floor 111 Sefton House - Second & Pt 1st Floor Parkway 4 Parkway 4 Car Park Walmer Bridge Penrith Community fire and Ambulance Ulverston Blue Light Hub Birkenhead Fire Station Bootle & Netherton Community Fire & Formby fire station HART Liverpool Newton fire station Southport Community Fire & Ambulance BMWx13 F48X1 AP/Siemens/9546566 OJEU Reference 20/20/S 047-112564 Unassigned Darwen Fire Station Unassigned Lancaster Fire and Ambulance Station Unassigned Milton Green ambulance station Unassigned Skoda Kodiaq/Venson/13208a Unassigned Skoda Kodiaq/Venson/13208a Unassigned Skoda Kodiaq/Venson/13208a Unassigned Skoda Kodiaq/Venson/13208a Unassigned Skoda Kodiaq/Venson/13208a Unassigned Skoda Kodiaq/Venson/13208a Unassigned Skoda Kodiaq/Venson/13208a Unassigned Skoda Kodiaq/Venson/13208a Unassigned 4 Building 4 Building 4 Building 3 Building 4 Building 4 Building 0 4 Building 1 Building 4 Building 4 Building 4 Building 4 Building 4 Building 4 Building 1 Vehicle 4 Building 4 Building 4 Building 1 Vehicle 1 Vehicle 1 Vehicle 1 Vehicle 1 Vehicle 1 Vehicle 1 Vehicle 1 Vehicle - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,544 1,350 37,809 92,189 16,435 1,800 789 16,911 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,544 1,013 28,356 92,189 12,327 1,350 592 16,911 Unassigned Unassigned Unassigned Unassigned Unassigned Unassigned Unassigned Unassigned Unassigned Unassigned Unassigned Unassigned Unassigned Unassigned 338 9,452 0 4,109 450 197 P0031 P0042 P0011 P0013 P0017 P0019a P0027 P0038 VLBMW13 P0016 P0022 P0026 DH19LVS DH19LVM DC68WMU DF68SSJ DF68SSK DF68SSZ DF68STX DF68SSX 0 0 0 0 0 0 0 0 0 0 0 36,607 17,270 16,735 13,242 17,291 17,742 36,616 5,400 15,750 36,607 17,270 16,735 13,242 17,291 17,742 36,616 4,050 11,813 1,350 3,938 2 0 0 0 0 0 0 0 0 0 2 2,439 2,439 2,451 2,451 2,451 2,451 2,451 2,451 2,439 2,439 2,451 2,451 2,451 2,451 2,451 2,451
Selecting a lease from the Leases window isolates the transactions and lease details
Why/What? Having got the information in Why bother? What do we do with it?
Lease Control Use Portal to: Pick up lease payments Review payments for potential new/unknown leases Build a picture of lease creditor and lease payments in year Summary from QlikView gives clear analysis of leases
Hope thats given you an idea of how we use the IFRS16 side of the portal Any Questions?
