Creating payment details

  1. Select Leases and open a lease record.
  2. Click Payment Schedule.
  3. Select a payment schedule record.
  4. On the Payment Detail tab, click Create.
  5. Specify this information:
    Non Lease Component
    If the payment line is for a non-lease component payment, then select a non-lease components that is assigned to the lease. Select the Non Lease Component tab.
    Authority Code
    Select the authority code of the person responsible for releasing the lease invoice for payment. If you do not assign an authority code, then you must assign one on Invoice Adjustment after you review the invoice for the payment. Alternatively, assign an authority code after you submit the payment for approval.
    Due Date
    Select the due date for the payment.
    Payment Amount
    Specify the lease payment amount. If you do not specify a payment amount, then specify a compute name. If both payment amount and compute name are specified, then the payment due is the payment amount plus the amount that is computed using compute name.
  6. Click Tax and specify this information:
    Taxable
    Select this check box if this payment is taxable.
    Tax Code
    Select a tax code for this payment.
    Taxable Amount
    Specify the taxable amount on this payment. The fixed payment amount is the default if this amount is not specified.
    Or Percent
    Optionally, specify the percent of the taxable payment amount. This field can be used to tax compute amounts that may be unknown until invoice time.
    Tax Usage Code
    Select the tax usage code for this payment. The default value is from the vendor or vendor location that is attached to the lease.
    MULTIDRAG
    Note: Landed cost is only available for non-lease component payments.

    See Landed taxes on leases.

  7. Click Comments to create a comment description.
  8. Click Save.