What's new in Customer Journeys?

Connect and learn more!
Is there a functionality in Fusion Lease Accounting to normalize lease revenue recognition? — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Is there a functionality in Fusion Lease Accounting to normalize lease revenue recognition?

Accepted answer
72
Views
4
Comments

Summary:

For revenue leases, our client requires the recognition of revenue to be normalized (fixed, straight-line recognition regardless of rental rate)

Content (please ensure you mask any confidential information):

The requirement is to recognize lease revenue on a straight-line basis.

For example:

Rental fee for Jan - Jun: 1,000 THB

Rental fee for Jul - Dec: 1,200 THB

The revenue recognized for each month should be normalized to 1,100 THB per month, for instance.

Version (include the version you are using, if applicable):


Code Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!