Onboarding existing Lease contracts
Onboarding existing lease contracts is a special process of entering contracts into Lease accounting from Planon Lease accounting itself or a third party application. These contracts can be manually entered or imported through Planon as a Platform (PAAP) / Enterprise Talk (PEET). This process comes with some limitations:
• The balance sheet already recognizes the contracts and knows their carrying value.
• The carrying values of lease liability, right-of-use asset and accumulated depreciation are entered as Offset.
• Accumulated impairment are not supported
• Headlease and sublease are not supported.
• Since calculation starts in Planon lease accounting at the onboarding date, it is not possible to make retroactive modifications prior to this date.
For more information on the procedures to do onboarding, see Onboarding procedure.
 | The 'Transition type' - 'ONB - Onboarding contract line' is used when you import /enter a contract from other applications to Planon, and in this case, you must select the field 'CON_LINE - Contract line specified'. For more information, see Transition definition fields |