Lease Creation
Discussion List
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Stub Payment Journal in Wrong periodSummary: Hi Team, We have encountered one scenario and need some clarification on the same. We have one lease which end dated on 31/10/2023 and then it was terminated. H… -
can we import DFF values from Lease accounting module to AP moduleSummary: can we import DFF values from Lease accounting module to AP module Content (please ensure you mask any confidential information): Version (include the version y…
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Use of these events and journal lines in Lease module.Hello, What is the general use of these events in Lease Module ? • Lease Booking • Lease Expense • Lease Revision • Lease Payments • Lease Termination In addition to thi…
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Lease ActivationSummary: Dear Experts, I have created property lease with lease start date as 2019-10-01, but not able to activate the lease. When am trying to activate the lease am get…
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What is the purpose/function of intercompany under payments screen when create lease.Summary: What is the purpose/function of intercompany on accounting tab under payments screen when create lease. Content (please ensure you mask any confidential informa…
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How to avoid duplicate lease invoicesSummary: We currently have vendors creating invoices for leases manually. We're working on migrating into the lease module where invoices will be automatically generated…Jason Parker 43 views 2 comments 0 points Most recent by Jason Parker Payables, Payments & Cash Management -
Why we cannot adjust unit for lease assetSummary: Our lease asset charges to 3 cost centers, unit depreciation expense account 0.9538 HK178 0.0257 HK104 0.0205 HK106 We need to update the unit periodically but … -
ASC842 adoption prior to Oracle implementationOracle go-live is November 2024, plan is to convert the leases from the client's current application. All the leases start dates are 2020 and ASC842 standard was adopted…Yana 21 views 1 comment 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle Lease Accounting
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How to get complete revenue amortization details?Summary: we would like to know how to get complete revenue amortization for revenue lease. currently only revenue recognised is stored in back end tables and not the com…
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New lease feature in 23C: property information not available on Expense Leases?Summary: Is the new feature for defining properties and attaching these to lease assets only available for Revenue leases? The release notes do not suggest this but I ha…
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Revenue Lease Property CombinationSummary: I am unable to use the same property type to create a different combination of property name and property level due to an error. Need to know the cause for the …
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How to handle Asset depreciation and termination and retirement in Lease accountingSummary: Given the requirement to create an Equipment Lease only after setting up an item in Product Information Management, we've established a Dummy item for lease cre…
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Prevent Duplicate Leases during ConversionSummary: We need to migrate leases. However, Oracle does not provide the functionality to mass approve leases. We need to upload 1000+ leases and thus would like to do s…Ifigenia Pansters 41 views 5 comments 0 points Most recent by Swetha Manupati-Oracle Lease Accounting
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ROU and Liability check box is frozen after activation of Lease?Summary: Hi, We have created a lease with the ROU and Liability check box unchecked? Now we require to check those boxes as we need to add those cost to the ROU and Liab…
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Whether PR/PO Can be created for leased assetsSummary: For Leased Assets, our client expects PR/PO to be created, create receipt to receive teh item and then interface it to Lease Accounting Module Content (please e…Rajkamal.ravoor.pattabi-Oracle 11 views 3 comments 0 points Most recent by Pandiaraja-Oracle Lease Accounting
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Can I know the possibility of handling Security Deposits and refunds in Lease Accounting?Summary: Hi, Can I know the possibility of handling Security Deposits and refund of the security deposit at the end of the lease agreement? Content (please ensure you ma…
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During Lease termination need to enter the Penalty amountSummary: During Lease termination need to enter the Penalty amount. Example. if the Party terminate the Lease before the end of Lease Term. Lessor wants to Penalize the …
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How to create equipment leases without items?Summary: I need to create equipment leases without the Items value which is a mandatory field requirement. Since the Items or Product information management is not insco…
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Payables Integration is disabled with Yes value in System Option of Lease AccountingSummary: System Option in Lease accounting is not allowing to change the value to no for Payables Integration System Option. Do we need any role to edit this back to val…
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Record Initial Direct Cost in Oracle Lease Accounting CloudSummary: We have a requirement where we need to record Initial Direct Cost in Oracle Lease Accounting Cloud. Content (required): We have created a one-time payment with … -
Ship to address not available for lease assetWhen creating an asset in a revenue lease, the "Ship-to Site" is not returning any values for the customer. I know that values exist. Did I miss a configuration piece th…Anthony Iannuccilli 321 views 19 comments 0 points Most recent by Anthony Iannuccilli Lease Accounting
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Is there any way that we can handle Loan Payments on Lease Accounting module?Summary: Is there any possibility that we can use lease accounting module to handle Loan Payments? As we have the interest and amortization calculations as well? If poss…
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Recommended approach for making one-time adjustments to Lease Liability for migrated leasesSummary: Recommended approach for making adjustments to Lease Liability for migrated leases Content (please ensure you mask any confidential information): We have loaded…Janelle Azimullah-Oracle 14 views 2 comments 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle Lease Accounting -
Short term and long term Liability calculationSummary: Customer wants to know how oracle is calculating the Short term and long term lease liability amount. Content (please ensure you mask any confidential informati…Rajkamal.ravoor.pattabi-Oracle 21 views 1 comment 0 points Most recent by Bianca S -Oracle Lease Accounting
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Expected Performance of Option Added During Lease Contract CreationSummary: What's the standard performance for options added during the initial creation phase of the lease contract? Should it directly update the lease amortization sche…Chris Tong 21 views 1 comment 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle Lease Accounting
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Our customer has a requirement to have the same Lease liability and ROU.Summary:Our customer has a requirement to have the same Lease liability and ROU through out the lease period. Sample calculation has been attached. How to create the lea…Lavanya pothuru 21 views 1 comment 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle Lease Accounting
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Add prefix/starting value for Invoice ID for lease accounting invoicesSummary: We found that when we run payments to create lease accounting invoices, Oracle will sometimes create invoice_IDs in the interface tables that are already in tha…
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Is Lease Accounting able to handle Software Leases?Our current client has a handful of software leases that we are trying to include in the implementation. It seems that property leases and software leases have similar m…
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Allocating Quarterly Payments to monthsSummary: Hello, I have to pay lease payments monthly. As a result i made the payment template quartely with an amount to be paid on quarter. However, I want this quarter…
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when payment date is earlier than lease start date, how to handle this case?Summary: when payment date is earlier than lease start date, how to handle this case? for example, Lease Start Date: 20/09/2022 Lease End Date: 19/09/2024 Payment Start …DL003 1 view 1 comment 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle Lease Accounting