| 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. |