The below videos provide an in-depth walkthrough of how to input a lease in Cradle's Initial Recognition tab.
Part 1 - Creating a lease and key financial inputs
*Those entities that comply with IFRS/AASB 16 ignore the classification test, as that is not applicable. The transition methods available are slightly different, just refer to the "?" above the field for more details.
Part 2 - How to set up reoccurring lease payments
This video specifically covers how to input fixed payments.
Part 3 - Fixed payments increases, lease incentives, and Right of Use Asset
This video covers the following:
0:00 One-off payments
0:23 Fixed payment increases
1:57 Lease incentives
2:32 Right of use asset inputs
Part 4 - Features to use once a lease has been input
This video covers the following:
0:00 How to use the Events tab to check the lease payments are correct
1:28 How to use the Audit Schedule report found in the Overview tab to check how the numbers are calculated
2:32 How to run Cradle's Reports