Associate Purchase Order and Project Details to Lease Payments

Associate Purchase Order and Project Details to Lease Payments lets lease payments carry purchase order, award, purchase order distribution, and POET references into Payables and accounting distribution processes.

This release adds federal lease accounting and operational controls for SFFAS 54, including lease lifecycle management, accounting, expiration, purchase order and project references, and Payables invoice generation control.

Steps to enable and configure

  1. Apply the Release 12.2.14 Property Manager update that delivers Associate Purchase Order and Project Details to Lease Payments.
  2. Review SFFAS 54, Payables, Purchasing, and project-related setup with accounting and procurement teams as applicable.
  3. Configure the relevant system options, payment references, accounting rules, and invoice generation choices.
  4. Run representative lease creation, schedule generation, accounting, Payables interface, amendment, termination, or expiration scenarios and reconcile the results.

Tips and considerations

  • Coordinate testing with Payables, Purchasing, and Projects because distribution and invoice behavior crosses product boundaries.
  • Capture setup, lease transaction, schedule, accounting, and report views for rollout training where applicable.