Lease Amendment - Unique Scenario
Summary:
Hi Team,
I have one more question related to the lease amendment.
Lease start date: 01-Jan-25
Lease end date: 31-Dec-25
Lease Monthly Amount: 1000
Lease Approved, Exps payments, Lease accrual, Lease Payment and Create accounting is DONE.
I will amend the lease in the month of Mar-2025.
Amendment:
Update the lease amount from 01-Jan-2025 with amount 1500
Two new records will be created for Jan and Feb 2025 for extra 500 as part of amendment.
Where will these payments go if my Jan and Feb 2025 periods are closed.
Can you please help me understand.
Regards,
Omar
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