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Lease accounting - Revenue Leases accounting events

in Lease Accounting 6 comments

I am creating a REVENUE Lease and no integration with Receivables. I have completed all the setups as mentioned in the implementation book. When Lease is booked, and Create Accounting process is run after that there is no accounting generated. When a payment is approved then only it generates an accounting entry in GL for the Event of Payment Approval.

My understanding is that it should also generate the accounting at the booking time. Please confirm.

Can you please help me with all the accounting events generated for a Revenue Lease during lifecycle of lease.

Thanks,

Wasim

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