Optional; found on the Term/Options tab.
You may enter the amount you pay the lessor at the end of a lease, such as in satisfaction of a guaranteed residual. This affects the calculation of the termination gain or loss.
Payoff amount has no effect on partial terminations - it is used for full terminations only. It can be found on the Income Income Statement Balance Sheet Detail report (column DX) or the Journal Entries report.
Note: Currently, the Payoff amount field is only available for lessee leases. We plan to add the field to the lessor workspace in a future release. Until then, payoffs for lessor leases will need to be accounted for outside of EZLease.
Related links:
Early Termination | Early Term Type | Guaranteed Residual | Unguaranteed residual