TURBO-Lease offers complete receivable administration including billing, ACH processing and aging of lease payments, late charges, property taxes, insurance charges, and sales and use taxes. Monthly accounting reports provide accurate totals of cash receipts, account balances, FASB 13 income, initial direct costs, residual income, and equipment depreciation including alternative minimum tax. Management reports provide summaries of new business activity, lease expirations, residuals due, insurance expirations, location and ranking. The system handles complex irregular payment structures such as skip, step, variable, quarterly, and annual. All reports can be sent to printer, screen or MS-Excel to provide valuable flexibility in data analysis.