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this video will show you how to quote a payoff receive the proceeds from your customer and bring the lease to zero from an accounting perspective here in front of you you have the demonstration version of turbo lease you will highlight the customer youd like to quote a payoff click the Edit lease tab and click the payoff button at the bottom the payoff setup will display the payoff date you will set to the effective date of the payoff you will then set the income method based on the structure of the lease for a typical capital / finance lease implicit rate is often chosen this calculates as a principle based payoff for a true lease / operating lease flow-through is chosen this calculates the payoff as the sum of remaining payments for our example well do a capital lease on the right hand side you can add a payoff charge if youd like and tax can also be added to that payoff charge over here in the lower right we have the income method this box will only display if you have the cash