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Lease Accounting
Discussion List
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can have a clarification on option typesSummary: can have a clarification on option types? and what will be changed or impact if select below option type? ◦ Allowance ◦ Bargain Purchase ◦ Construction Warranty… -
In Property revenue lease property type name LOV is comingSummary: while creating lease LOV is not coming Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable)…
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What should I do on this error in Validation tab of the Lease to process the lease payment?"The account code value for the Payables Liability account name doesn't exist in payment 1001 or the associated payment template." -
how to set Job Level based rules for Lease Approvals(FinLeaseApprovals)Summary: how to set Job Level based rules for Lease Approvals(FinLeaseApprovals) Content (please ensure you mask any confidential information): are we able to set Job Le… -
Index based lease assessmentSummary: Can anyone explain how the Index based lease assessment works? Do we need to load WPI or CPI anywhere in the system which the program can refer to? If answer to…
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how to handle lease payment frequency like bimonthly payment?Summary: How to handle lease payment frequency like bimonthly payment? For payment frequency on expense payment template, there is no option for bimonthly. That means ne…
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How to handle one contract lease which has both IFRS payment and non IFRS payment?Summary: How to handle one contract lease which has both IFRS payment and non IFRS payment? That means there is one asset payment need to be included in IFRS calculation…
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Lease Residual Option Exercise Accounting EntriesSummary: Lease Residual Option Exercise Accounting Entries. We are using a lease residual option with a negative amount for the proceeds of sale of assets, but when we e… -
Why property type level cannot be selected from default values.Summary: Why property type level cannot be selected from default values. Content (please ensure you mask any confidential information): Version (include the version you …
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Invalid document sequence for payable lleaseSummary: Invalid sequence assigned to specified document category error is received while creating invoices from lease accounting to Payables Content (please ensure you …
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Lease accounting for business units with 3 ledgersSummary: My customer requires 3 ledgers local GAAP, US GAAP and IFRS. Each having its own CoA due to the accounting requirements (i.e. the natural account segment value …
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When will the liabilities be reduced in Lease Accounting?Summary: Does it happen once the payment gets approved? Wha triggers the reduicng of calculation? Is there a way to prevent the invoices to be transfered in AP even if t…
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Lease Accounting View Only Role DocumentationSummary: Looking for documentation on how to create a View Only role in Lease Accounting. I have tried creating a custom role but ran into a few issues so hoping to see …
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how do we mark the payments as paid in Lease AccountingSummary: If we are not interfacing to Payables, how do we mark the payment lines as paid in Lease Accounting? Does the payment status have impact in the amounts/liabilit…
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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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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 … -
What Lease Accounting table stores lease term?Hi, Lease Accounting UI has Lease Term in addition to Lease Start Date and Lease End Date. I am not finding Lease Term, which table is this in? Screenshots below:
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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…
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Lease Search function does not work after creation of lease. What is the reason?Summary: 1 After lease creation or activation of lease, the created lease cannot be found by Search function. 2 But the same lease can be displayed on the standard repor…
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Asset LocationSummary: Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable): Code Snippet (add any code snippets t…
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Lease Accounting Reports Required for Month-End CloseSummary: Which of the following reports must be ran at the end of the period in order to populate Lease Accounting tables? When creating an integration to ARCS, it was o… -
Can we change the interest calculation method from daily to monthly?Summary: Can we change the interest calculation method from daily to monthly? Content (please ensure you mask any confidential information): Can we change the interest c…
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Ship to site and Bill to site LOV are empty while creating revenue leasesSummary: Ship to site and Bill to site LOV are empty while creating revenue leases Content (please ensure you mask any confidential information): The location used while…
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there is variance between actual business data and lease accountingSummary: >>Actual business data: Total period = 28 Discount rate=1.2150% Monthly payment amount= 21233.33 Opening liability: 585892.55 >>Lease accounting system: Total p…
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For quarterly lease payments invoice is given by lessor and PDC's given by us for all at year startSummary: Requirement is, lease payments are to be done quarterly but invoice is submitted by the lessor for all the quarters at the beginning of the year itself and post…
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Can we upload Manage Lease Accounting and Manage Payment Increase Configuration with FSM/FBDISummary: We have to upload Manage Lease Accounting Configuration and Manage Payment Increase Configuration. Is there any standard import way like FSM/FBDI for these two …
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OTBI Subject Areas for Lease AccountingSummary: We're looking for the subject areas for Lease Accounting, since there are some descriptive flexfield information that the client wants to include in a report. C…
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Searchable DFFSummary: Is there a way to include the Lease Details DFF in Search criteria when searching Leases? Content (please ensure you mask any confidential information): In the …
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Is there a web service to Amend the Revenue Lease in Lease accounting module?Summary: Is there a web service to Amend the Revenue Lease in Lease accounting module? Content (please ensure you mask any confidential information): Version (include th…
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Is there a functionality in Fusion Lease Accounting to normalize lease revenue recognition?Summary: For revenue leases, our client requires the recognition of revenue to be normalized (fixed, straight-line recognition regardless of rental rate) Content (please…