Purchasing leased assets

In the Lease/Rental Contracts application, you can purchase one or more leased assets that are associated with your contracts. The asset can be part of a payment stream.

Before you begin

To purchase the asset, the status of the lease contract must be approved.

1. In the Lease/Rental Contracts application, select the contract whose asset you want to purchase.
2. Select the End Lease > Purchase Asset action.
3. In the Purchase Assets dialog box, select PO or Invoice to specify the type of document to generate for final payment.
4. In the Target Status field, specify the status to apply to the generated purchase order or invoice.
5. To specify a purchase order number or invoice number, select one of the following options:
   • To manually assign a purchase order number or invoice number, specify the number in the Number field.
   • To generate a purchase order number or invoice number, click Autonumber.
6. Click Select Assets.
7. In the Select Assets dialog box, select the assets to purchase and click OK.
8. Click OK.
9. Save your changes.