ELA: How Are Cost Types E and L Used in Lease Admin?
(Doc ID 2767544.1)
Last updated on MAY 26, 2021
Applies to:PeopleSoft Enterprise FIN Lease Administration - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
How are Cost Type E and L used?
Cost types represent cost components of an asset and a lease. PeopleSoft extended the cost type configuration specifically for lease accounting.
Rent Expense (Cost type E)
This cost type identifies transactions related to initial direct cost, and payments made at or before lease commencement.
Lease Incentive (Cost type L)
The cost type configured for lease incentive applies to lease incentives received (versus lease incentives receivable, such as rent holidays).
See example of how these are used in here.
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