Closing a Sublease

To close a sublease all payments must be invoiced and processed before starting the close process. If the sublease had incentive costs or initial direct costs, those costs must also be processed.

All the periods must be processed and journalized before the sublease can be closed. The close date must be the same as the end date of the sublease.

  1. Select Subleases.
  2. Open a sublease record.
  3. Click Close and specify the close date.
  4. Click Submit.