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Asset Lease Cycle on Oracle Fusion Assets Module

edited Jan 20, 2025 1:26PM in Assets 2 comments

Hi,
We have a query from one of our Oracle Fusion clients regarding the Asset Lease cycle and its integration with the standard Procure-to-Pay (P2P) process.

Current Oracle Asset Lease Cycle:

  1. Lease Creation: The lease is created using the Manage Leases function, with relevant documents attached.
  2. Asset Creation: The lease generates assets in the Asset Book.
  3. Invoice Generation: Lease invoices are created and transferred to Payables for payment, following the accounting entries:
    • DR: Lease Clearing
    • CR: Lease Liability

Client's Request:

The client wants to start the lease cycle from the Purchase Order (PO) level, matching the lease invoices to receipts in Payables, similar to the standard P2P process.

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