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Lease Accounting: How to Avoid Entering All Previous Payments on the Lease (Avoid Accounting Entries)? (Doc ID 2826767.1)

Last updated on MAY 28, 2024

Applies to:

Oracle Fusion Lease Accounting - Version 11.13.21.07.0 and later
Information in this document applies to any platform.

Goal

System is not calculating the correct straight line amount on migrated leases.

Your goal is to avoid entering all previous payments on the lease. You tried to enter all previous and future payments and it calculated the straight line correctly, but you don't want to re-pay the payments that were already made in the prior system.

You are looking to not create the accounting entries from the payment processing and expense entries. Since these would be migrated leases all of the prior payments and expense/amortization would have already been recorded in the general ledger.

What options exist?
 

Solution

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