How do I add a new lease with initial payments after transitioning to the ASC 842?
To add add a new lease after transition to the ASC 842, you should follow the guidance for adding a new lease. If the new leases being added have balance sheet balances like deferred straight line rent and tenant improvement allowances you should add these payments in the Payments table with the correct payment dates.
Click Leases in the sidebar menu, select the lease that you need to update and click on the Payments tab as shown below.
Enter in each payment as an Indirect Cost or Other Expense, as appropriate, and click on the Save button.
The new payments will be saved to the lease payment table and will be included in the amortization calculation, schedule and journal entries for the lease.