Lease Amortization Schedules Extract
Extract lease amortization and payment schedules for expense and revenue leases. The lease schedule extracts help lease managers and accountants create reports to meet financial, statutory, and disclosure requirements.
The Extract Expense Lease Schedules process extracts amortization schedules for lease liabilities and right-of-use assets, together with periodic interest expense, amortization expense, rental expense, and payments for expense leases.
The Extract Revenue Lease Schedules process extracts amortization schedules for lease and non-lease revenue, accrued asset balances and payments for revenue leases.
To extract lease schedules:
- Select Extract Expense Lease Schedules or Extract Revenue Lease Schedules from the side-panel to extract lease schedules for expense and revenue leases, respectively.
- In the Action Type parameter, select from the below options:
- Extract Schedules - Full: Purges and re-extracts the schedules for all leases
- Extract Schedules - Incremental: Purges and re-extracts schedules for leases that were booked or amended since the last extract run
- Purge Schedules: Purges previously extracted schedules
- Complete the remaining parameters according to your requirements and submit the process.
The following screenshots describe extracting lease schedules:
Side-Panel - Extract Lease Schedules
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Extract Lease Schedules process
Business benefits include:
- Simplify compliance with IFRS 16, ASC 842, and Japanese GAAP period-end reporting.
- Enable users to create custom reports.
Steps to Enable
Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.
Offering: Financials No Longer Optional From: Update 25C
Access Requirements
You do not need any new role or privilege access to set up and use this feature.