You have already learned that the first question in lease accounting is the Operating vs Capital question. If the ownership papers show the name of the leasing co, and you actually think that walking away from the vehicle at the end of the lease is a viable option - then it is probably an Operating lease. Lets assume so.
After that you already know what to do - create an item and/or an account for the vehicle lease expense. Then record the payments as disbursements to this account (or item) making sure you use the right tax code. Your code will probably be HST.
To create an account - do so from the Chart of accounts > the functions are at the bottom.
To create an Item - do so from the Item List > functions at the bottom. The item should point to auto expenses or a separate lease account.
