Overlapping amends/terminations are not allowed in Revenue Leases — Cloud Customer Connect
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Overlapping amends/terminations are not allowed in Revenue Leases

edited Jul 22, 2025 9:43AM in Lease Accounting 1 comment

Summary: Overlapping amends/terminations are not allowed in Revenue Leases.

Business Requirement:-

  • When I terminate an asset from a lease, the system does not allow me to terminate another asset with an earlier termination date than the first one. From a business perspective, this is not correct, as total loss terminations can occur at any time during the year. The system should allow us to backdate termination dates without any restriction.
  • E.g:-
  • We have few assets e.g. five assets under one lease.
    Out of the five assets, four Assets have already been terminated using amendment comments dated 1-Jul-2025.

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