Core TSIs : Lease Accounting : 4-4-5 Lease Accounting : Working with 4-4-5 Lease Accounting : Specifying a 4-4-5 lease contract
Specifying a 4-4-5 lease contract
You are now ready to add a lease contract and generate weekly accounting commitments.
1. Go to Contracts and create a lease contract (fill out the required fields).
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For more information about these fields, see Contracts documentation.
2. Go to Contract details selection level and Add a lease amount contract line.
3. On the Lease accounting tab, fill out the financial details and make the following settings:
a. Accounting standard: IFRS.
b. Accounting commitment period: 1 week
4. Set the contract and the contract line to Active.