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Question from Pwerkstell on Dec 13 at 7:56 PM Does anyone have a working solution for how to issue a PO for a purchase that must be accounted for as a capital lease - in particular a seller financing arrangement that is not technically a cap lease from th vendors piint of view? A PO needs to be issued that agrees to the contract - for example software licenses that are good for 3 years and have 3 annual payments. The PO to the vendor needs to show the sum of the 3 payments but the purchasers books need to have an asset recorded at the net present value of the payments with the difference being recognized as interest expense over the 3 years.
The complication is that a GR on the PO. Would create an asset at the full value rather than net present value.
If anyone has found a solution for this without significant manual effort I would appreciate hearing what worked for you!
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