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Question

Lease distribution

  • April 6, 2022
  • 1 reply
  • 46 views

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Is there a way in IFS to create/use Lease Distribution codes like there is for running depreciation.   Trying to split our Lease costs over multiple departments.

1 reply

Ieva Rituma
Superhero (Employee)
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  • Superhero (Employee)
  • 429 replies
  • May 19, 2022

I’m afraid there is no standard distribution of postings available for leasing. I suggest either:

  1. Use Periodical Cost Allocation for period end cost allocations
  2. Use automatic GL posting rules to separate the postings at the time of GL Voucher Update