This guide helps you configure aircraft bookables in Greenfolder for automatic lease cost calculations. This information affects the Profit and Loss calculator and the Lease Payment Calculator
Read more about calculating lease payments here: Lease Payment Calculator
Create a Leaseback
To configure an aircraft bookable as a leaseback, use the Costs feature.
1. Using the main menu, browse to the Costs panel.
- Click Cost Allocation.
Click the aircraft under the Assign New Cost heading.
Configure the parameters of the cost assignment.
Lease payments are typically configured as:
monthlywith the category set to:
Click Save to save the cost definition.
Basis setting controls the basis for
hourly type cost calculations. For costs that are calculated based on the hourly usage of an aircraft or flight instructor, select the appropriate value. To set up a cost that is based on a percentage of the revenue of a usage entry, use the
Revenue selection and then enter the percentage in the
Cost $ = BASIS x COST, e.g.
1 hobbs hour x $10or
revenue x 0.20
The categories determine how Greenfolder calculates the Profit and Loss and lease payment reports. For lease calculations, the categories define the handling from the perspective of the lessor's escrow account.
Increase Lease Payment defines a cost that will credit the lessor's escrow account when the aircraft is used. For example: The lessee shall pay the lessor $80 for each hobbs hour used on the aircraft.
Decrease Lease Payment defines a cost that will debit the lessor's escrow account when the aircraft is used. For example: The lessor shall pay the lessee $20 for each hobbs hour used on the aircraft. (not commonly used)
Min Lease Payment defines a minimum value for the lease terms. For example: The lessee shall pay the lessor a minimum of $1000 each month.
Max Lease Payment defines a maximum value for the lease terms. For example: The lessee shall pay the lessor a maximum of $1000 each month. (not commonly used)
After the leaseback related costs are defined for all of your aircraft, Greenfolder will automatically use those rates in the Profit and Loss and Lease Payment Calculators.