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.