Short-term & Low-value lease tool

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This workbook will help you calculate the schedule for lease payment, lease expense and deferred rent using short-term and low-value lease exemptions.

Spreadsheet template for managing short-term leases, detailing transactions for a lease classified as 'SHORT-TERM'. The table lists transaction types with period numbers and dates, lease payments, lease expenses, amounts allocated to deferred rent, and the deferred rent balance. Below, sample journal entries for 'Prepaid Lease Payment', 'Rent Abatement', and 'Monthly Lease Payment' show debit and credit columns with specified amounts. This template is designed to aid in the financial management and reporting of leases, with clearly defined categories and amounts to ensure accuracy and facilitate compliance with accounting standards.

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