Creating payment details

  1. Select Leases and open a lease record.
  2. Click Payment Schedule.
  3. Select a payment schedule record.
  4. On the Payment Detail tab, click Create.
  5. Specify this information:
    Non Lease Component
    If the payment line is for a non-lease component payment, then select a non-lease components that is assigned to the lease. Select the Non Lease Component tab.
    Authority Code
    Select the authority code of the person responsible for releasing the lease invoice for payment. If you do not assign an authority code here, then you must assign one on Invoice Adjustment after you review the invoice for the payment. Alternatively, assign one after you submit the payment for approval using Approve.
    Due Date
    Select the due date for the payment.
    Payment Amount
    Specify the lease payment amount. If you do not specify a payment amount, then specify a compute name in the Compute field. If both payment amount and compute name are specified, then the payment due is the payment amount plus the amount computed using compute name.
  6. Click Tax and specify this information:
    Taxable
    Select this check box if this payment is taxable. and specify this information:
    Tax Code
    Select a tax code for this payment.
    Taxable Amount
    Specify the taxable amount on this payment. The fixed payment amount is the default if this amount is specified.
    Or Percent
    Optionally, specify the percent of the taxable payment amount. This field can be used to tax compute amounts that may not be known until invoice time.
    Tax Usage Code
    Select the tax usage code for this payment. The value is the default from the vendor or vendor location that is attached to the lease.
    Note: Landed cost is only available for non-lease component payments.

    See Landed taxes on leases.

  7. Click Comments to create a comment description.
  8. Click Save.