Posting leases

Use this procedure to update the Lease Management balances with the most recent payment and interest information.

Note: This procedure does not usually create General Ledger journal entries. General Ledger journal entries are created by Lease Posting (LM190) only in the event that a finance lease is canceled within Accounts Payable after Interest Calculation (LM180) was run to calculate the interest for the lease. Lease Posting (LM190) will create a journal entry to reverse the interest computed by Interest Calculation (LM180).
Note: You can only post lease payments that are interfaced to the Accounts Payable application. For finance leases, you must also calculate the interest portion of the payments before you can post them.
  1. Access Lease Posting (LM190).
  2. Select the leases that want to update the balances. Use these guidelines to specify the field values:
    Company or Lease or Company Group or List

    You must select a company, or a lease, or a company group, or an attribute list. These fields are mutually exclusive, but one of them is required.

    Lease Classification

    You can run this program on all of the operating leases (O) or all the finance leases (C) that meet the other criteria. The default setting is blank (all leases).

    Lease Type

    You can run this program for only leases assigned a specific lease type. The program will select all the leases of this type that match the other selection criteria.

    Post Through Date

    You can specify a posting end date. All payments processed on or before that date will be posted. The default setting is the system date.

    Update

    You can run this program with this field set to N (No) to generate a report of posted payments without changing the status of the payment records. Select Y (Yes) to actually update the records. The default setting is No.

    Note: We recommend that you run LM190 first with the No option to view a report of payments and principal and interest balances that will be created with the Yes option.

Related reports and inquiries

Lease Management data analysis and reports

Action Process
List payment, principal, interest, and liability amounts for leases Use Lease Analysis Report (LM421)
Display transactions and balances for a lease over a specified period range Use Lease Analysis (LM94.1)
Display non-lease component information for a lease over a specified period range Use Executory Cost Analysis (LM94.2)
Display principal and interest breakdown for a lease over a specified period range Minimum Payments Analysis (LM94.3)