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Accounting Tool

Lease / Hire-Purchase Calculator

Calculate amortization schedules and get the exact accounting journal entries per TFRS for NPAEs Chapter 12 — for both Finance Leases and Hire-Purchase contracts.

Based on: TFRS for NPAEs Chapter 12 (Leases)|100% client-side — no data sent to server

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Lease Calculator + TFRS Journals

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How to use

  1. 1Select contract type — Finance Lease (operating entity retains ownership) or Hire Purchase (ownership transfers at end).
  2. 2Enter the fair value / cash price, down payment, monthly installment (tick the VAT box if the amount is VAT-inclusive), number of periods, residual/balloon (if any), and asset useful life.
  3. 3Click Calculate. The tool uses Newton-Raphson iteration to solve for the implied effective interest rate and builds the full amortization schedule.
  4. 4Review the journal entries (Section C) — all four entries are pre-populated with your figures and ready to use in your books.

Disclaimer: This tool is for informational purposes only. The accounting treatment for each lease depends on specific contract terms and professional judgment. For complex transactions, consult a CPA or accounting professional. TFRS for NPAEs Chapter 12 (Leases) applies to entities that prepare financial statements under Thai GAAP for Non-Publicly Accountable Entities.

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