Creating and testing a lease

To set up a lease, you must add a lease, specify the payment schedule, and determine the lease classification with or without a FAS 13 test. You are required to specify lease types and non-lease components. See Interfacing non-Lawson leases.

Note: You must perform the preliminary setup of Lease Management and set up Accounts Payable and the General Ledger. See the information about General Ledger setup in the General Ledger User Guide.