Before You Begin

This 10-min OBE shows you how to set up the processing options that you will need for the Manual Billing Revisions program (P1511).

Background

Many businesses lease office space and equipment from different suppliers. According to the new lease accounting standards, businesses must account for these leases and the leased asset on them on their balance sheets. The Lease Accounting functionality in JD Edwards provides the ability to comply with these standards.

Scenario Guidelines

In this series of OBEs, you will learn how to set up the system and perform the required actions for following lease scenario:

• You are leasing a copier from Electronics R Us.
• The lease is for two years and you expect to return the copier at the end of the lease.
• You will pay $2,500 quarterly in advance.
• You have to pay an up-front installation charge of $1,000 to secure the lease.
• At the beginning of the second quarter, you renegotiate the price of this lease based on an agreement to lease other equipment from the vendor and they agree to a price break on the existing lease. Your new quarterly payment will be $2,250 starting from the second quarter.
• At the end of the second quarter, the copier breaks down and the cost of repairs is greater than the replacement cost, so you negotiate with the vendor to terminate this lease and create a new one for a newer copier model.

What Do You Need?

You must have completed the following tasks:

• None

Setting Up Processing Options for Manual Billing Revisions (P1511)

1. Navigate to EnterpriseOne Menus, Financials (G1), Lessee Accounting (G15202), Periodic Processing (G1520220), Manual Billing (65/G1520220), Manual Billing Entry (P1511|ZJDE0001).
2. On Manual Billing Entry, right-click and then select Values.
3. Set the processing options:

   Display Tab:

   Leave both the other processing options in this tab blank.

   The Display tab should look like this:

   

   Process Tab:

   • Generation Type: 7
   • Allow Effect on ROU Asset Change: 1 (Allow changes)

   Leave all the other processing options in this tab blank.

   The Process tab should look like this:

   

   Currency Tab:

   • Exchange Rate Date: Leave this processing option blank.

   The Currency tab should look like this:

   

4. Click OK to save the entries.
5. Click Close to exit the Work with Manual Billings form.