Finance leases | Intuit Community

Well, sales and leases aren't really the same.

Sales that are financed should show both as a sale and as a financed amount. Contracts for payment are part of tracking and reporting. This is different than AR, which is a Current asset.

I think your question also revolves around who is at risk if the financed sale is not paid off. Who owns the contract for payment? Whoever had the sale might be carrying the financing, which means they have Sales data and also Asset (collection) data. Or, they sold the contract to be collected by someone else.

The seller of the goods might then?have sold the finance balance to an independent party (so the total Profit?of the sale is reduced by the selling of the balance to be collected, adjusted somehow for consideration of FMV or future value, of course). The seller of the goods has a net from the sale, in this case. Gross sale - contract sold.

Or, the seller has a Flooring arrangement with the Manufacturer who also provides financing. So, the seller Sells the equipment, pays off their flooring arrangement, and no longer is at risk for the financing. Gross?sales price minus flooring payoff and minus amount financed = net retained.

I wouldn't call sales "Inflated" for any of this. You have to know about the "other transactions" associated with a specific sales operation to determine if you are looking at Sales or Revenue or Gross Profit.

A "known buyer" is not a buyer until the deal is done.

You have asked this in a QB?user forum. Is there a specific QB question?

If this post answers your question, please give a "thumbs up" or mark this Solved to let others know about it.

If you get an emailed Survey, please take a moment to follow up here, too. Thanks!

Source: http://community.intuit.com/posts/finance-leases-2

the shore meryl streep oscar wins sasha baron cohen oscars oscar winners the artist sacha baron cohen oscars the old curiosity shop