Sublease accounting

The sublease accounting allows you to perform these tasks:

• Specify and maintain your subleases.
• Create and approve sublease invoices and interface them to Receivables for processing.
• Automatically create journal entries in Global Ledger

A sublease is created when the underlying asset of a lease is leased to a third party. Thus, a released lease is required for a sublease to be created. The original lease is referred to as the head lease.

A sublease cannot be modified, impaired, or terminated early.

Before adding subleases, you must set up Receivables, Lease Accounting, Asset Accounting, Payables, and Global Ledger. You should also have a lease available.