|
Payables
|
- The Payables data is validated
for setup and processing.
-
Lease Accounting is used to send
approved lease invoices to Payables for payment processing.
|
| Receivables |
- The receivable data is validated for setup and processing. For
Subleases, the Billing Invoice is sent to Receivables for
processing.
|
|
Global Ledger
|
- The general ledger data is
validated for setup and processing. The user will set the
default for the Lease Accounting Method (ASC 842 or GASB 87) on
the Finance Enterprise Group and Accounting Entity.
-
Lease Accounting is used to send
journal entries for lease transactions to Global Ledger.
|
| Asset Management |
- The
leased asset data is validated.
- The initial GL entries for the
Lease Liability and ROU Asset Amounts are posted in Asset
Management. On Finance Lease the ROU Reduction (Depreciation) is
journalized on the Asset. Adjustments to the lease liability and
ROU for impairments and modifications are made on the Asset and
journalized with the Asset Adjustment Transactions.
|
| Non-Infor
|
- The Lease, lease payments and
GL entries for Non-Infor
solutions can be interfaced to Lease Accounting and Global
Ledger.
|