Accrued Liablity account is split
Hi,
I have created a 3 year expense Lease with a 10% yearly escalation in Property Manager with the following information:
Commencement: 01-NOV-2013
Termination: 31-OCT-2016
Lease Term: 3 years ; 0 Months
Year 1:
Monthly installments = 5000 (5000 * 12 = 60 000 annually)
Year 2:
Monthly installments = 5500 (5500 * 12 = 66 0000 annually)
Year 3:
Monthly installments = 6050 (6050 * 12 = 72 600 annually)
Lease Total = 198 600
As my base rent is normalised, there is a average calculated by Oracle of 5516.66 per month (Lease Total of 198 600 / 36 months = 5516.66)
After I run "Transfer Normalized Lines to GL", I then run create accounting and transfer to GL:
My issue is that at this stage, Oracle splits the Accrued Liability and Expense into the 3 following lines on the Journal:
Line Account DR CR