{"product_id":"leasing-procedure-rc1070","title":"Leasing Procedure | RC1070","description":"\u003ch2\u003e\n\u003cimg src=\"https:\/\/www.bizmanualz.com\/wp-content\/uploads\/2013\/05\/easily-editable-in-ms-word.png\" alt=\"easily editable in ms word\" width=\"123\" height=\"124\" loading=\"lazy\"\u003e\u003cstrong\u003eLeasing Procedure\u003c\/strong\u003e\n\u003c\/h2\u003e\n\u003cp\u003eThe Leasing Procedure ensures leasing and buying decisions are made after considering and comparing options of ownership, especially in calculating total equipment costs, tax benefits, and economic life. The procedure involves making lease options based on the overall good of the company, and in alignment with the overall financial strategies and objectives. The procedure applies to the Finance Department and any department requesting capital equipment. \u003cstrong\u003e (8 pages, 1402 words) \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe general guide for making lease\/buy decisions should be the total cost and return on investment over the life of the equipment. Occasionally, however, situational factors and concerns may override the total cost result. In these cases, the overriding factors should be clearly documented and explained. Particular factors of the lease agreement determine if the lease is considered an “operating lease” and a monthly expense or a “capital lease” and treated as a purchase (i.e., the cost is amortized over an appropriate period).\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eLeasing Responsibilities:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe \u003cspan\u003eCFO\u003c\/span\u003e (Chief Financial Officer) is responsible for reviewing lease\/buy considerations for capital equipment.\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eDepartment Managers \u003c\/span\u003eare responsible evaluating lease\/buy decisions that affect their department.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eLeasing Definitions:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003ePresent Value Interest Factor (PVIF)\u003c\/span\u003e – Serves to discount future values to account for the opportunity cost of time.\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eOperating Lease\u003c\/span\u003e – Lease that, for operational purposes, is treated as a monthly expense.\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eCapital Lease\u003c\/span\u003e – A lease that for operational purposes is treated like an asset purchase.\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eLease-Buy Evaluation\u003c\/span\u003e – Considering all factors in comparing the total cost of leasing and the total cost of ownership in order to make a lease or buy decision.\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eTotal Cost\u003c\/span\u003e – The cost of leasing or buying equipment, including monthly payments, interest\/fees, taxes, operations\/ maintenance, royalties, down payments, etc.\u003c\/p\u003e\n\u003ch2\u003e\n\u003cimg src=\"https:\/\/www.bizmanualz.com\/wp-content\/uploads\/2013\/05\/leasing-procedure-2-256x300.png\" alt=\"leasing procedure\" width=\"212\" height=\"249\" loading=\"lazy\"\u003e\u003cstrong\u003eLeasing Procedure Activities\u003c\/strong\u003e\n\u003c\/h2\u003e\n\u003cul\u003e\n\u003cli\u003eLeasing Plan\u003c\/li\u003e\n\u003cli\u003eLeasing Evaluations\u003c\/li\u003e\n\u003cli\u003eReviewing Lease Evaluations\u003c\/li\u003e\n\u003cli\u003eImproving the Lease Evaluation Process\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch2\u003e\u003cstrong\u003eLeasing Procedure Forms\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cul\u003e\n\u003cli\u003e\u003ca title=\"Lease-Buy Financial Analysis Worksheet Template RC1070-1 \" href=\"https:\/\/www.bizmanualz.com\/lease-buy-financial-analysis-worksheet-template\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"\u003eLease\/Buy Financial Analysis Form\u003c\/a\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e","brand":"我的商店","offers":[{"title":"Default Title","offer_id":50564785701002,"sku":"RC1070","price":35.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0801\/3955\/0858\/files\/14820.png?v=1792963599","url":"https:\/\/shopvirexora.shop\/products\/leasing-procedure-rc1070","provider":"Westvale Goods","version":"1.0","type":"link"}