Accounting
Discussion List
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Interest Calculation for Payment due date is different to payment date in leaseSummary: Lease payments are created monthly with payment date as 1st of the month and payment term kept as net 10 by which payment is due on 10th of every month. Therefo… -
Long/Short Term CalculationHello, Need to know the lease accounting module behavior about the Long/Short Term reclassification Calculation -
What's the Accounting Logic when Exercising a Renewal Option on a Lease?Summary: What's the Accounting Logic when Exercising a Renewal Option on a Lease? Content (please ensure you mask any confidential information): After exercising a Renew… -
How to set Transaction Tax with FBDI import.When creating or modifying a lease contract with the FBDI Where do I set the Transaction Tax information? As far as the FBDI Payment sheet is concerned. It looks like th…
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Use of Reserve account in Lease AccountingSummary: Hello, I was under the impression that reserve is only used at the time of booking when ROU and Lease Liability isn't equal. However during amending my lease fo…
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how to create adjustment journals from backend in accounting?in lease accounting , we have a scenario where we need to adjust a journal entry. Need info on that.
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Cannot select ledger when processing "Create Accounting" for LAHi Team When processing "Create Accounting", cannot select ledger which already has lease created in the related BU. We have other BU-Ledger that has same DAS and settin… -
Lease Accounting - Load Open LeasesWe are currently implementing lease accounting module and planning to upload the open leases to the system. For all the open leases history is required from the lease st…
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What is the difference between Payment Purpose and Payment Type fields on Expense Payment Template?Summary: What is the difference between Payment Purpose and Payment Type fields on Expense Payment Template? Is there any financial calculation impact? Content (please e…
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Does Lease Accounting support multiple secondary ledgersWe have a requirement of Primary Ledger in IFRS16, and 2 secondary ledgers: 1 is pre-IFRS16 and other is local GAAP, but both are non-IFRS16. How can this be setup in Or…
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Guideline in uploading master lease agreement data in implementationSummary: Content (please ensure you mask any confidential information): Need guideline or proper documentation with reference to uploading bulk master lease agreement da… -
lease hold improvements and the right of the use balance? ASC842 standardHow does lease hold improvements get incorporated into the right of the use balance? (for 842 calculations)?
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Lease accounting Option typesDoes anybody have a document that explains the actual different functional consequences of the different option types in FLA. The difference for an "early termination op…
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OTBI Subject Area for Lease AccountingSummary: Subject area in OTBI is not available in drop down list for lease accounting. Please suggest. Content (please ensure you mask any confidential information): Ver… -
What is the use of Account type 'Reserve' In Lease Accounting Module ?Summary: Content (required): What is the use of Account type 'Reserve' In Lease Accounting Module ? What will happen to the 'reserve a/c' being booked for differences be…
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Why event Lease Expense accounting entries not created?Summary: Why event Lease Expense accounting entries not created? Step1:submit create accounting request, process category is blank, and process events are all. Step 2: c…
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How to create credit memo for an Expense Lease?Summary: How can we create a credit memo for an Expense Lease? Would you recommend adding a misc credit payment in the Lease Accounting Module or sending credit memo dir…
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How is amortize over term supposed to function?Summary: We've tested amortize over term as we want to spread payments on future expenses properly. But, amortize doesn't seem to be doing anything and the documentation… -
Lease booking accounting entries not triggered for migrated LeaseSummary: when "Migrated Lease" checkbox is selected, no matter Right of Use Basis is Net or Gross and with Finance Net Right of Use inputted, lease status is Active and …
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What is the best practice on a one time credit payment for an expense lease?Summary: We received a credit memo for one of our expense leases. When creating a Miscellaneous payment in LAC it is hitting the Noncompliance Expense. Is there another …
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Why is the booking journal of a migrated lease posting to reserve?Summary: We created a migrated lease and on the booking journal, we're seeing a liability debit to reserve. We're confused as the lease was already booked to the GL from…
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Create Accounting Execution Report completing in ErrorSummary: We ran create accounting for Lease Accounting, The process completed in 27 hours, however Create Accounting Execution Report completed in Error. We ran again th…
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is it possible to build data segregation by one level down the BU level? For example by department?Summary: Is it possible to build data segregation by one level down the BU level? For example by department? The current security segregation is by BU in Lease, but by d…
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How to map COA number with LDR for each line in Oracle?Summary: I would like to understand the steps where i can map COA (code distribution) for each accounting class from LDR. Content (please ensure you mask any confidentia…
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Create Accounting Unexpected ResultsSummary: When we ran create accounting for Philippines ledger as of 3/31, after our lease amendments had been made, the lease revision entries contained two lines that n…
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Accounting for consumption Tax when lease payments are interfaced to PayablesSummary: Facing an issue in accounting for consumption tax when lease payments are interfaced to Payables Content (please ensure you mask any confidential information): …
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Lease Accruals is not appearing under process lease accountingwhile navigation through lease accounting module Home→Lease Accounting→Leases→Tasks→Process Expense Lease Payments→Process Type, under process type, it is just showing l…
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What is the purpose of Amortize Over Term in Exempt LeaseSummary: Hi, wanna ask what's the purpose of Amortize Over Term and when should we enable it? Content (please ensure you mask any confidential information): Here's the r…
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Hello All : Is there any REST API available in oracle to fetch the lease impairment details?Hello All : Is there any REST API available in oracle to fetch the lease impairment details , such as Amendment target status , amendment date, Amendment name ,Version s…
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How a difference between ROU and Lease Liability for migrated lease is clearedSummary: Hi, We are migrating the leases from legacy system (Property manager) to Fusion Lease Accounting. Quantum is more than 13000 leases. For migration, we are follo…