Can Lease Start Date be in future Closed period? — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Can Lease Start Date be in future Closed period?

in Lease Accounting 4 comments

Summary:

How can we create lease in future period which is still not open?

Content (please ensure you mask any confidential information):

I tried to create lease with start date in future GL period which is still not in either 'Open' or 'Future enterable' status.

Lease validation gives me below warning message:-

However I continued to generate schedule and tried to Activate the lease, now it is throwing same below error message on Activation :-

Is this standard functionality that we can't create any lease with start date in future closed period?

Version (include the version you are using, if applicable):

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!