Invoice Creation (LM131)

Run Invoice Creation (LM131) to create lease invoices or to create a GL accrual entry based on the parameters you enter and the payment schedules defined for the leases. You can create invoices for one lease or for all leases within a company, company group, or attribute list. If you indicated that you would like to accrue rent on LM21, a GL accrual entry is created instead of an invoice. You can also limit the lease selection by lease classification and by lease type.

Process at a Glance

  1. (This step) Create lease invoices, or GL accrual entries, using Invoice Creation (LM131).

  2. (Optional) Adjust invoices using Invoice Adjustment (LM31.1)

  3. Approve the invoices using Invoice Payment Approval (LM36.1) or Mass Payment Approval (LM136).

  4. Interface the invoices to the Accounts Payable system using AP Interface (LM140).

  5. (Conditional) Calculate interest for capital lease payments, using Interest Calculation (LM180)

  6. Post leases, using Lease Posting (LM190).

  7. (Conditional) Terminate leases due for closing, using Lease Termination (LM45.1).

  8. Close period, using Period Closing (LM199).

Processing Effect

If a debt/expense (operating) or executory cost allocation code is attached to the lease, the payment/expense is multiplied by the percentage for each company/accounting unit defined for the allocation code.

To review the invoices created by your selections without actually creating them, select N (No) in the Update field.

More Information

If the lease classification is Operating and the straight-line flag on the payment schedule is set to "yes", the invoice calculation is:

  • Rent expense will be the straight-line amount plus any compute payments. Executory code payments will be on a separate distribution line.
  • A separate distribution line for deferred rent will be calculated by subtracting the straight-line amount from the payment amount defined in the payment schedule.
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