Accounting engine for a lease transaction management and accounting system

A lease transaction management and accounting system comprising:

• a plurality of business attributes;
• a plurality of business events triggered by the creation, modification or deletion of said business attributes;
• an accounting entry;
• a bookset for the recording of said accounting entry;
• an accounting engine including a plurality of accounting rules and accounting transactors, said accounting rules determining whether at least one of said business events triggers said accounting transactors to generate said accounting entry;
• a plurality of accounting owners, wherein each said bookset is attributable to one said accounting owner;
• a plurality of programs, wherein each said program is attributable to one said accounting owner;
• a plurality of financial products, wherein each said financial product is attributable to one said program;
• and
• wherein said accounting rules distinguish between said accounting owners, said programs, and said financial products.

A lease transaction management and accounting system comprising:

• a plurality of business attributes;
• a plurality of business events triggered by the creation, modification or deletion of said business attributes or the passage of time;
• a plurality of accounting entries;
• a bookset for the recording of said accounting entry;
• an accounting engine including a plurality of accounting rules and accounting transactors, said accounting rules determining whether one of said business events triggers at least one accounting transactor to generate a specific type of said accounting entry;
• a plurality of accounting owners, wherein each said bookset is attributable to one said accounting owner;
• a plurality of programs, wherein each said program is attributable to one said accounting owner;
• a plurality of financial products, wherein each said financial product is attributable to one said program;
• a plurality of charge types;
• a plurality of asset categories;
• a plurality of depreciators;
• a plurality of depreciation selections;
• and
• a plurality of accounting rules that determine which subset of business events trigger said accounting engine to generate said accounting entry, and wherein said accounting rules distinguish between said accounting owners, said programs, said financial products, said charge types, said asset categories, said depreciators, and said depreciationselections.