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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):

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