Hi There
Compliments of the season!
can lease accounting in IFS APPS10 be used on the following conditions.
• A lease contract over a period of example 10 years with an annual payment and not monthly payments • A lease contract of example 5 years with the lease installment paid in advance in the beginning of the contract."
Thank You
Mona
Best answer by Narmada
Hi
You need to put payment interval as 12 in terms and condition If the lease contract contains annual payments. Then it calculates the amortization schedule correctly. Refer below screen preview for easy reference.
You can put advance payment with catogery ‘One-time payment’. Refer below screen preview.
Best Regards
Narmada
Hi
You need to put payment interval as 12 in terms and condition If the lease contract contains annual payments. Then it calculates the amortization schedule correctly. Refer below screen preview for easy reference.
You can put advance payment with catogery ‘One-time payment’. Refer below screen preview.
Best Regards
Narmada
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