Import Opening Balances of the Lease Contract
Explanation
This activity is used to import opening balances of lease contracts by using
the Import Lease Opening Balances command on the header of
the Lease Accounting Contract page.
Prerequisites
In order to import the opening balances below must be fulfilled:
- FA object with object type Right-of-use and status
Registered must be connected to the contract.
- The amortization schedule must be created for the lease contract.
- A lease contract with status Active must have been
defined in Lease Accounting Contract page.
- Counter postings of FAP93, FAP94 and FAP95 must be defined in the
Posting Control page.
System Effects
As a result of this activity:
- Opening balances of the lease contract will be imported and lease accounting
related postings will be created therein.
- FA related postings will be generated using voucher type connected to
function group A and lease related postings will be generated using voucher
type connected to function group LA. Hence, two vouchers will be created
for import lease opening balances.
- The installments in the Amortization Schedule until
the Cut off Date mentioned will be excluded from postings by automatically
enabling the Exclude From Postings radio button during the import of lease
opening balances.
- The Object Status of the connected FA object would change to
Active.
- The Cut off Date on which the opening balances were imported will be
shown in the General tab in the Lease Accounting
Contract page.