Recurring Payment (LM30.2)

Use Recurring Payment (LM30.2) to define a schedule of recurring payments.

Process at a Glance

  1. Define a lease, using Lease Addition and Adjustments (LM21.1).

  2. Define a payment schedule using Payment Schedule (LM30.1).

    1. (This step) Define a recurring payment schedule using Recurring Payment (LM30.2).

  3. Optional. Run the FAS 13 test, using the T (FAS13 Test) form action on LM21.1.

  4. Optional. Define a leased asset, using Leased Asset Quick Addition (AM21.1) or Leased Asset Addition and Adjustments (AM21.2).

  5. Optional. Release the leased asset using AM21.2.

  6. Release the lease, using LM21.1 or Mass Lease Release (LM 121).

More Information

If you do not enter a payment amount on the payment line, you must enter a compute name. The compute name must be predefined in the Report Writer application. You can enter both a payment amount and a compute name. In this case the resulting payment is the sum of both the payment amount and the amount derived from the compute name.

Click the More button to open More (LM30.4) and provide source information for the compute statement.

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