Create Obligations
You can record lease document obligations in the lease on the Rights and Obligations tab.
Use obligations to have quick and convenient access in the lease pages to:
- Responsibilities and duties inherent in the lease.
Rights and Obligations Tab:
Click New (+) to display the Create Rights and Obligations page.
The following fields are available as part of the obligations creation:
Field |
Description |
---|---|
Obligation Type |
Select the obligation type. Your choices are as follows:
|
Responsibility Type |
Select the responsibility type. Responsibility type indicates the person or job type responsible for the obligation-related task. Your choices are as follows:
|
Reference |
You can enter more details of the obligation here. |
Paid By |
Select the Paid By. If a cost is associated with the obligation, you must select the party responsible for paying it. Your choices are as follows:
|
Supplier | Select the supplier name. |
Obligation Amount | Enter the obligation amount. |
Currency | Select the obligation amount's currency. |
Click Save and Close.
Rights and Obligations Tab: Obligations Subtab
You can view or add the following obligation information in the Details section:
Field |
Description |
---|---|
Obligation Number | Oracle Lease Accounting generates and displays the right number. |
Obligation Type |
Retain or change the obligation type. |
Responsibility Type |
Retain or change the responsibility type. |
Reference |
You can enter more details of the obligation here. |
Start Date |
Select the start date of the obligation. |
End Date |
Select the end date of the obligation. |
Supplier | Retain or change the supplier name. |
Obligation Amount | Retain or change the obligation amount. |
You can select an obligation directly from the table and click Cancel to cancel the obligation.