Lease Accounting

This section contains enhancements in Financials and Supply Management.

Create Lease Import menu

Remove the Transaction Interface menu from the Lease Specialist role and create a Lease Import menu.

The Transaction Interface menu on the Lease Specialist page is not valid. The Lease Specialist role is for customers who use the Lease Accounting solution, and do not interface transactions.

Customers who do not use Lease Accounting solution but do import GL transactions to FSM can view these in the Global Ledger Transaction Interface menu.

Additionally, a Lease Import menu is now available to the Lease Specialist role. This menu shows the list of imported leases and the list of imported lease payment schedules. The menu contains the processes that are required to interface the imported Leases to lease records and to interface the imported lease payment schedule to the Lease Payment Detail records.

  1. Verify that the Transaction Interface menu is no longer available on the Lease Specialist page.
  2. Verify that transactions that are imported from a third-party solution are available in the Global Ledger Transaction Interface menu.
  3. Verify that in the Lease Specialist menu, the Lease Import page is available and the two lists are available: The Imported Lease list and the Imported Lease Payment Schedule list.
  4. Verify that the actions are available on each list for Lease Interface process and the Lease Payment Schedule Interface process.
  5. Verify that the Imported Lease list and the Imported Lease Payment Schedule list are removed from the Lease Inquiry And Reports menu.
  6. Verify that the Lease Interface process and the Lease Payment Schedule Interface process are also removed from the Lease Processing menu.

JR-3461743

Add a link from Lease Invoice to Lease in the Lease Invoice drill around

A new navigation was added to the lease invoice Drill Around to navigate to the lease invoice.

Created a drill list for lease invoice and created a navigation for the lease invoice.

  1. In a lease invoice, verify that the lease navigation resolves to the invoice's lease.
  2. Verify that the invoice comment and the payables invoice links resolve as expected.

JR-3528644

Show fields as required when creating lease

Changed the default label of the test action to Classify to better describe the action. The fields that are required to create a lease are now marked.

Added red asterisks to indicate required fields when creating a lease.

  1. Verify that the test action is now labeled Classify.
  2. Verify that a new lease can be created by only completing in the fields that are marked as required.

JR-3528621

Combine tabs on the lease composite form

The tabs on a lease needed a drop-down menu after a lease is processed. To remedy this issue, related tabs were combined to reduce the number of tabs needed for a lease.

Reduced the number of tabs on a lease by combining the Override tab with the Options tab and combining the dates, comments, and related documents tabs into a new Attachments tab.

  1. Verify that a new date can be added to a lease.
  2. Verify that a new comment can be added to a lease.
  3. Verify that a new document can be added to a lease.
  4. Verify that the overrides functionality on the Options tab is still accessible on ASC842 leases.
  5. Verify that the overrides is not available on GASB87 leases.

JR-3499753

Determine if Lease Compute is still valid under ASC842

Lease Compute has been from the lease menu and pages.

The Lease Compute process is enhanced to work with the new Lease Accounting module. Lease Compute will remain removed until it is updated.

  1. Verify that the Lease Compute is not available on the Lease Setup page.
  2. Verify that the Lease Compute is not available on the Lease Payment Detail and on the Recurring Lease Payment pages.
  3. Verify that the Lease Compute option and Compute Parameters are no longer available.

JR-3461734