Hire Purchase & Lease Schedule workpaper (LSC)

The Hire Purchase & Lease Schedule (LSC) workpaper takes the asset tracked in HPSA and splits its outstanding liability between the current and non-current portions per the Trial Balance. Three templates are available (monthly, quarterly, weekly) matching how repayments are actually structured.

Data extraction

●        Current HP Liability per TB: the asset name is looked up from HPSA, then matched in the Trial Balance under Current Liability. The figure taken is the loan account total less unexpired interest for that same asset.

●        Non-Current HP Liability per TB: the same lookup and matching, but under Non-Current Liability instead.

Related workpapers

●        Hire Purchase & Lease Summary (HPSA): the source of the asset name and repayment schedule this workpaper's Trial Balance lookup depends on.

How to access

●        Go to Jobs and open the relevant job.

●        Click the Workpapers icon or navigate to Job Results then Workpapers.

●        Select LSC on the Workpapers Dashboard.