| Setup tasks |
-
Creating lease types*
- Creating non-lease components*
- Creating date codes*
- Creating allocation codes*
- Set the Lease Accounting Method the Finance Enterprise Group and the
Accounting Entity.
- If you need to track Short and Long Term Liability then select
the Short-term Liability Accounting Option the Finance
Enterprise Group. Note that this option cannot be changed once
leases have been created for the FEG.
- Creating a lease template
*See the Financials Setup and Administration
Guide.
|
| Interface |
If you are interfacing your data, then
perform these tasks:
-
Formatting your non-Infor
data so that it can be imported.
-
Importing the data into the Infor interface files
-
Interfacing the lease data
-
Interfacing the lease payment data
- Interfacing the leased asset
data (using Asset Accounting)
-
Releasing the interfaced leases
|
| Processing |
- Creating lease invoices
- Adjusting invoices
- Approving lease invoices
- Interfacing invoices to
Payables
- Calculating interest amounts
- Posting leases
- Terminating leases
- Closing a lease period
|
| Analysis and reporting |
You must execute the lease classification test before
releasing the lease. These are the methods for viewing and analyzing
Lease Accounting data:
- Online
pages
-
Reports
- The
Infor
Drill Around® feature
You can also use Global Ledger to increase your reporting and inquiry
capabilities.
|