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    • Best practice for AP invoices for vehicle leases

    in Lease Accounting 1 comment

    Hi there,

    We are working to implement Oracle FLA, and are weighing up the pro's and con's of using the AP integration.

    We have a lease fleet of approximately 500 vehicles, across maybe 3 or 4 suppliers. Of these 500 vehicles, many will share the same lease period, payment amount, payment terms, supplier etc. I would like to understand what Oracle recommends in terms of creating these leases.

    As I understand it, the integration will create individual AP invoices for each lease, for each payment. Therefore if each vehicle is set up as a separate lease, this will result in several hundred invoices being generated each period, for the same supplier. The business wish to hold these invoices until an invoice is received from the supplier against which these payments can be reconciled, and then released for payment.

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