Long term operating leases
You must add a debt account to all leases. You can either specify the Debt or
Expense Account field or you can add the debt account on the Allocation Code field and select
Debt or Expense as an Allocation Code Type.
Note: You cannot specify both the Debt or Expense Account field and an Allocation
Code Type of Debt or Expense.
See the Payables tab on Creating lease addition and adjustment.
Note: All Leases entered into the new Lease Accounting module will follow
lease accounting regulation (ASC842).