Lease Creation
Discussion List
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ROU and Lease liabilty should be calculated in different currencySummary:Out customer has a requirement to calculate the lease liability in foreign currency and ROU in Local currency. Eg: Ledger currency is PLN and Lease is entered in… -
Generate Lease Accounting Prepayment Invoices and Revenue Recognition with Tax RequirementGood day, Users have a legal requirement to report tax to the tax authority when one of the following comes first, Customer bill, Customer advance, or revenue recognitio…
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Asset sequential numbering needs to be set in alphanumeric formatSummary: We need asset numbering in lease accounting to be automatic and alphanumeric. Seeded document sequence allows numeric format only. Content (please ensure you ma…
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Open and Close Periods in Lease AccountingSummary: Lease Accounting doesn't have its own sub ledger periods. How to restrict the users not to create leases in a prior month/period. If we have a feature of Open a…
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Lease Accounting - CWB + Test Scripts + Business Process ModelSummary: Lease Accounting - CWB + Test Script + Process Flow Content (required): We are looking at replacing our legacy system for Lease with Oracle Lease Accounting, an… -
Lease Migration - How to Clear the Balance in the Reserve AccountSummary: As part of the Open/Active Leases migration the ROU balance is migrated as per the legacy system and the Lease Liability is discounted after the amortization st…
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Net ROU on lease accountingSummary: We have a lease originally created in 2020 that we now wish to migrate to Oracle Fusion ERP in 2025 using the Net ROU method. Please advise on the correct proce…
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How do I configure Lease Numbering by Legal EntityHi, We have a requirement to use different Lease and Lease Asset numbers for different legal entities. I have set up the following document sequences: However I am unabl…
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Can the process lease accrual ability be segregated?Summary: We just want specific users to be able to to process lease accruals. We thought this could be accomplished by only having one role with the manage lease accrual… -
Lease Amendment (Scope Decrease) using FBDI file Split optionHi @Rekha Pilay-Oracle, Summary: Lease Created Start Date: 04-Feb-2022 End Date: 03-Feb-2032 with below components: Rent O&M Access Fees Lease schedules generated and Fi…
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After creating a lease in Oracle Fusion ERP, it cannot be found when searching for the lease.After creating a lease in Oracle Fusion ERP, it cannot be found when searching for the lease.
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Use the Scope as Decrease scope and reduce to end of lease year.Summary: I’m trying to use the "Decrease scope" option to reduce the lease term to the end of the lease year. However, I’m unable to shorten the payment schedule in the …
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Parallel approval for lease accountingSummary: Parallel approval for lease accounting not working as expected. Requirement: Supervisory Hierarchy and Approval Group. Once the Manager of the lease creator app…
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FLA: How to handle the Lease related Operating expenses (Operating & Maintenance or dismantling costSummary: Hi Team, Lease related rent is liability--> Once the payments are done the liability will decrease or come down like (RoU, Int & Deprn). My requirement: How to …
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Lease termination using fbdi not workingHi, I am getting error on as shown below "You can't validate the lease because some payments aren't approved or put on hold and have a due date that's before the amendme…
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💡Migration to Lease Accounting: Lease Accounting Migration Tools and Best PracticesSummary: Migration to Lease Accounting: Lease Accounting Migration Tools and Best Practices Content: This document provides an overview of Lease Accounting migration too…Bianca S -Oracle 287 views 1 comment 1 point Most recent by Deepesh Aravandekar -Oracle Lease Accounting -
Request Steps to migrate Existing Lease Assets to FA Book after complete related FA configurationSummary: Background: We have already enabled Lease Accounting and input Lease Assets, but due to lack of configuration in FA, we cannot search Lease Assets in FA, so is …
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If we utilize the reclassification process for short-term and long-term liabilitiesSummary: If we utilize the reclassification feature for short-term and long-term liabilities in the lease accounting module, will running the accounting process generate…
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How to handle revenue leases in Oracle?Because revenue lease creation in Oracle Asset Leases is not available, does anyone have a workaround for handling revenue leases? The business has revenue leases and wo… -
lease accounting split accountingSummary: i booked lease with 2 different payment schedule in that case booking accounting is splitting in two different line , Total amount for ROU and lease Liability i…
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Impairment loss for a foreign currency leases is getting converted at the date of impairmentSummary: Need to understand the conversion date and rate logic used for lease impairment. For foreign currency leases, ROU asset and liability are converted from local c…
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Lease Accounting - Discount rate index does not change during the periods of the lease.Summary: Lease Accounting - Discount rate index does not change during the periods of the lease. Content (please ensure you mask any confidential information): Client ha…Kiruthiga Vadivel-Oracle 21 views 1 comment 1 point Most recent by Rekha Pilay-Oracle Lease Accounting
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Oracle fusion lease accounting, AR transaction sourceIn Oracle Fusion Lease Accounting, invoices generated from Lease Accounting are created using the seeded Transaction Source ORA_LEASE_ACCOUNTING_TRANSACTION. The busines…
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miscellaneous payments are always generating AP invoices Regardless of "Generate invoices" checkboxSummary: lease miscellaneous payments are always generating AP invoices (when to run "Process Expense Lease Payment" ESS) even if the "Generate invoices" checkbox on the…
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Lease Interest Calculation when Expense Lease is Early TerminatedSummary: Lease interest is not calculated till the day of termination Content (please ensure you mask any confidential information): We have created an expense lease wit…Priyadarshini Balasubramanian Parvathy 13 views 2 comments 0 points Most recent by Priyadarshini Balasubramanian Parvathy Lease Accounting
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Lease Accounting : Unable to update the lease accounting distributions under Payment Headers OptionsSummary: Lease Accounting : Unable to update the lease accounting distributions under Payment Headers Options Content (required): We are using the FBDI Template to downl…
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By when the oracle is planning to introduce the redwood page for lease accountingSummary: By when the oracle is planning to introduce the redwood page for lease accounting Content (please ensure you mask any confidential information): Version (includ…
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"Migrated Lease" checked, create accounting issueSummary: When "Migrated Lease" checkbox is selected, Right of Use Basis = Net and with Finance Net Right of Use inputted, lease status is Active and version status is Fi… -
Ship to site and Bill to site LOV are empty while creating revenue leasesSummary: Ship to site and Bill to site LOV are empty while creating revenue leases Content (please ensure you mask any confidential information): The location used while…
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Lease Search function does not work after creation of lease. What is the reason?Summary: 1 After lease creation or activation of lease, the created lease cannot be found by Search function. 2 But the same lease can be displayed on the standard repor…