How to handle the bulk fleet lease scenario in oracle fusion lease accounting
We have one contract and within same contract there are multiple items or equipment we are taking on lease and making monthly bulk payment to that vendor. that vendor provides the quarterly report to business which has details of all the items or equipment old once and also the newly added and also the updated payment amount as the number of items increased within lease. And this bulk lease is for 3 years starting from lease commencement. Now, what business does is, instead of creating the new lease for newly added items, business reverses the ROUA and lease liability from
Tagged:
0