Lease Accounting

Remove Landed Tax option from Leases

Landed Taxes are not allowed on leases at this time. Because landed taxes affect the Lease Liability and Right Of Use Asset value, any changes to the tax rate require re-amortization of the lease amortization and adjustment to the Lease Liability and Right Of Use Asset value.

  1. Create a lease with taxes.
  2. Verify whether Landed Cost is selected on either Tax Entity or Entity Tax Code, and that an error is displayed indicating that Landed Taxes are currently not supported for leases.
  3. Verify that you can create a lease with taxes if the Landed Cost check box is not selected.

JR-3472839

Create a drill list for leases

A drill list was added to lease to remove the links to navigation that were created for the landing page of lease specialist and to remove the links that were accessible from the tabs on a lease.

  1. Verify that the Drill Around does not end in Nav.
  2. Verify that each Drill Around link resolves to the correct page.

JR-3473493

Update Lease Specialist Home page

  • Added the two new create buttons on the home page to reduce the number of clicks to perform a common task. You can now create a lease or sublease from the home page.
  • Shortened the labels of the two actions so that the entire label is viewable.
  • Updated the order of actions on the processing pane to the order that a user would use.
  1. Create a new lease from the home page.
  2. Create a new sublease from the home page.
  3. Verify that Lease projections, create invoices for lease payment, and interface lease invoices to Payables work as expected.
  4. Verify that all overview navigation on the home page resolves to a list.

JR-3461425