Unearned Lessor Revenue
Definition
This account is used to record the amount of lease revenue expected to be received during a lease term, but on which lessees will make payments over the life of the lease term for the right to use an underlying asset. Lessors should record unearned revenue in leases other than short-term leases, lease contracts that transfer ownership, and intragovernmental leases only. See also SFFAS 60, Par. 26. This account does not close at year-end.
Year-end: This account does not close at year-end.
Source: Section II ·
p1sec2-acctdef-2026.pdf
Required attributes & legal values
7For each attribute this account reports, these are the only domain values GTAS will accept for this account (Section IV).
Begin/End
BulkFile attribute
B
E
Debit/Credit
BulkFile attribute
D
C
Fund Type
TAS attribute
CF
DF
EC
EG
EM
EP
ER
ES
ET
GA
TR
UG
US
UT
Reporting Type Code
TAS attribute
E
F
U
Financing Account Code
TAS attribute
D
G
N
TAS Status
TAS attribute
U
E
Trans Code
TAS attribute
X
K
N
Transactions
3
C129
To record a lessor's lease receivable and unearned revenue when the lessee takes control over the use of the underlying asset, per SFFAS 54, Paragraphs 50 & 64.
Credit · Proprietary entry C460 To record a Lessor's recognition of earned revenue from the measurement of the lease receivable for the reporting period, per SFFAS 60, Par. 26.
Debit · Proprietary entry C733 To record a lessor's full or partial lease termination by reducing the carrying values of the lease receivable and unearned revenue, and recognizing a respective gain/loss for any differences.
Debit · Proprietary entry
Credit · Proprietary entry C460 To record a Lessor's recognition of earned revenue from the measurement of the lease receivable for the reporting period, per SFFAS 60, Par. 26.
Debit · Proprietary entry C733 To record a lessor's full or partial lease termination by reducing the carrying values of the lease receivable and unearned revenue, and recognizing a respective gain/loss for any differences.
Debit · Proprietary entry