The following event types are delivered for use with the various chain jobs of Debt Management, but can also be used to manually record leases. Other event types used are in Accounts Payable and Fixed Assets.
LS01: Authorize Leases To Be Taken - This event type is used with the Debt Accounting (DA) transaction to record the amount authorized for entering into leases as the lessee. As those leases are made, this event type is used again to reduce the outstanding amount of that authorization.
Posting Pair A:
Dr A350: Leasing Authorized But Untaken (A)
Cr A351: Leasing Authorization Offset (CA)
Prior Event Types: Referenced accounting activity for this event type is not possible.
Subsequent Event Types: The same event type will subsequently be used with a negative accounting line to reduce the original balance as leases are made.
LS30: Amortization of Lease Costs - This event type is used with the Debt Accounting (DA) transaction to setup lease costs and for later amortization.
Posting Pair A:
Dr A372: Unamortized Lease Costs (NE)
Cr A373: Accrual Basis Equity Offset – Leases (E)
Prior Event Types: Referenced accounting activity for this event type is not possible.
Subsequent Event Types: While not directly referencing this event type, the later amortizations of the lease costs will use the same event type with a negative line amount to reduce what was initially recorded.
LS31: Accrue Lease Expense - This event type is used with the Debt Accounting (DA) transaction to accrue any expense to be paid after the accrual period when the prior expense occurred before the start of that accrual period.
Posting Pair A:
Dr D011: Accrued Expense/Expenditure (NE)
Cr A374: Accrued Lease Expense Offset (L)
Prior Event Types: Referenced accounting activity for this event type is not possible.
Subsequent Event Types: The same event type is used in the reversal of the accrual in the next period when the schedule detail is Regular Payment.