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Creating Lease without AP Integration - Pros and Cons

in Lease Accounting 4 comments

Summary:

We are planning to implement Lease accounting and wanted to know some details before we can decide the best approach and industry standard to follow

  1. Do Oracle recommend to integrate Lease accounting to AP module for all accounting synchronization process? is this the best practice?
  2. We understand if we enter purchase order number details, lease will not generate invoices from FLA module, user can then pay the invoice against he purchase order entered into lease details.
    1. how the accounting entries will be balanced in this case, appreciate the accounting details if can be shared
    2. do we lose the drill down feature from general ledger to come to lease accounting in this case?
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