Lease Posting (LM190)

Run Lease Posting (LM190) to update the Lease Management balances with the most recent payment and interest information.

For capital leases, you must run Interest Calculation (LM180) before running this program. For operating leases, you must run AP Interface (LM140) before running this program.

Process at a Glance

  1. Create lease invoices using Invoice Creation (LM131).

  2. (Optional - this step) 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. (This step) Update lease payment balances, using Lease Posting (LM190).

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

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

For Operating leases, the posting of liability/ROU asset amortization will depend on the Payment Date set during Accounts Payable payment cycle. A separate report "Lease Payments Not Yet Paid Report" will be generated to list Lease invoices that were not processed in Accounts Payable payment cycle.

Processing Effect

This program does not update any General Ledger accounts. It only updates balances in the Lease Management application.

All payment records last processed by LM140 and LM180 that meet the selection criteria are processed and their status changed to Posted. The report shows all the payments that have been posted, with the principal and interest breakdown and the General Ledger accounts assigned to those balances.

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