Onboarding procedure
The Layout of the Contract line amount must display the necessary fields.
1. Go to the Layout of the Contract line amount.
2. Add the following:
a. Felds to support onboarding offset values for the primary accounting standard, in contract currency.
- Offset Liability
- Offset Transition RoU
- Offset Accumulated Depreciation
- Offset - straight-lined lease expense
- Offset Lease Amount
b. Fields to support onboarding offset values for the primary accounting standard, in functional currency.
- Offset - FC Liability
- Offset - FC Transition RoU
- Offset - FC Accumulated Depreciation
c. Fields to support onboarding offset values for the secondary accounting standard, in contract currency.
- Secondary offset Liability
- Secondary offset Transition RoU
- Secondary offset Accumulated Depreciation
- Secondary offset Lease Amount
d. Fields to support onboarding offset values for the secondary accounting standard, in functional currency.
- Secondary offset - FC Liability
- Secondary offset - FC Transition RoU
- Secondary offset - FC Accumulated Depreciation
Configuring Lease accounting transition
1. Go to Lease accounting transition.
2. On the action panel, click Add.
3. Fill in the required details and click Save.
 | In the Transition type field, click  and select ONB - Onboarding contract line. |
Then, the lease can be entered with its offset values as additional steps from the regular creation of a lease.
To onboard an existing lease, both Lease contract and Lease amount(s) contract line(s) must have their Effective date being the contractual date, and not the date from which the onboarded lease will be calculated in Planon Lease Accounting (in other words, the initial commencement date of the lease and not the effective date for the onboarded carrying values).
The Planon calculation start date will be set at the effective onboarding date (i.e. the effective date for the onboarded carrying values).
4. When entering the lease, at the Contract details > Amounts selection step, click Transition and offset.
5. In the Lease accounting transition field, click .
.6. The Lease accounting transition window appears.
7. Select the code that corresponds to onboarding and click OK.
Fill in the relevant offset fields with their corresponding amounts, depending on the classification of the lease (Finance or Operating).