E1: 15: Lease Management FAQ: Lease Term Changes/Lease Termination in Lessee Accounting (Doc ID 2643063.1)

Last updated on APRIL 14, 2022

Applies to:

JD Edwards EnterpriseOne Real Estate Management - Version 9.2 and later
Information in this document applies to any platform.

Purpose

This document is created to offer answers to frequently asked questions for Lease Change Terms and Lease Termination

Questions and Answers

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In this Document

Questions and Answers

Question 1: Lease termination is available only when date is immediately after the last JEs. Is any end date that is populated in Recurring Billing (P1502) for a date in the future is considered a Lease Change of Terms?

Question 2: Do the rent steps (escalated payments) lines in Recurring Billing (P1502) that are beyond the date that the lease is to be terminated date need to be deleted?

Question 3: Unable to suspend a Recurring Billing line (P1502) if Lease Liability is set to an 'N" and Lease Liability Status is at 55, how can this be resolved?

Question 4: Is it possible to reactivate a lease that was accidentally terminated and now has a status of 55? If yes, what steps are necessary?

Question 5: When adding a new billing line to Recurring Billing (P1502) to an existing lease that has an amortization schedule, the new line is also populated with a green dot. Why is this populated and what needs to be done?

Question 6: Does JD Edwards have a process to transform a leased asset that is associated with Lease Accounting to an owned asset?

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