Invoice Adjustment (LM31.1)

Use Invoice Adjustment (LM31.1) to edit and maintain the lease invoices created by Invoice Creation (LM131).

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. 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

You must run Invoice Creation (LM131) before using this program. This form displays only unreleased invoices generated by LM131. Only invoices that have not been approved can still be edited.

More Information

You must inquire on a company, Lessor/vendor, lease number and payment number to view the last invoice created, or you can scroll forward or backward to view invoices created for all companies by LM131.

You can change any field except for the company, vendor, lease number, and payment number.However, if the straight-line flag on the payment schedule is set to Yes, the payment amount cannot be edited.

If your company does not have a default process level and you did not enter one in the payment schedule, you will be asked to enter one for each invoice before you can view it.

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