Process Lease Payments

You can use the side panel from the Lease Landing page to process lease payments. You can export the payments defined in Lease Accounting to Payables and Receivables to generate AP and AR invoices.

You can run the process lease program for both expense and revenue leases from the side panel.

Expense Leases

Select Process Lease Payments under Expense from the side panel to run the program.
The following parameters are available in Basic Options:
- Process Type:
  - Lease Payments
- Business Unit
- Lease Number
- Period
- From Payment Due Date
- To Payment Due Date
- Payment Type
- Payment Purpose
- Supplier Name
- Supplier Site
- Payments Processing:
  - Select Approve to process the payments.
  - Select Hold to hold the payments temporarily.
  - Select Release Hold to release the held payments.
- Export to Payables
  - Select Yes to export the payments to Payables.
  - Select No to stop the export of the payments to Payables.
  - Select Hold to hold the export of payments to Payables temporarily.
  - Select Release Hold to release the export of payments to Payables.
- Launch Import Payables Invoice
  - Select Yes to launch the import of the Payables invoices.
  - Select No to stop the import of the Payables invoices.
Oracle Lease Accounting notifies you when the process completes if you check the notify check box.
Click Submit to run the process.
You must run Create Accounting after the update.

You can select the payment number, period name, approval status, export status, Payables invoices, and such from the Payment Schedules section. Click the Payable invoices number displayed to open the invoice from Lease Accounting. You can see the Payables invoices originating from payments defined here.

Payment Approval triggers an accounting event for payments with the Lease Liability enabled. You can use this accounting event to reduce the Lease Liability balance.

You can't export the payments with purchase order numbers to Payables from Lease Accounting.

You must have access to the Payables function to launch the import process of Payables invoices.

Missing Accounts During the Payables Process:

The Payables Invoice Import process fails if you don't provide the following accounts:

Payables Clearing
Payables Liability
Noncompliance Expense
Accrued Liability

You will then have to amend the lease using amendment types and provide the missing accounts. This export process to Payables fetches the missing accounts from payment templates.

You can provide the missing accounts on payment term templates to Payables.

Revenue Leases

Select Process Lease Payments under Revenue from the side panel to run the program.
The following parameters are available in Basic Options:
- Action Type:
  - Lease Payments Processing
- Business Unit
- Lease Number
- To Period
- From Payment Due Date
- To Payment Due Date
- Payment Type
- Payment Purpose
- Customer Name
- Bill-to Site
- Payments Processing:
  - Select Approve to process the payments.
  - Select Hold to hold the payments temporarily.
  - Select Release Hold to release the held payments.
- Export to Receivables
  - Select Yes to export the payments to Receivables.
  - Select No to stop the export of the payments to Receivables.
  - Select Hold to hold the export of payments to Receivables temporarily.
  - Select Release Hold to release the export of payments to Receivables.
- Launch Import AutoInvoice
  - Select Yes to launch the import of the Receivables invoices.
  - Select No to stop the import of the Receivables invoices.
Oracle Lease Accounting notifies you when the process completes if you check the notify check box.
Click Submit to run the process.
You must run Process Lease Payment Tieback to show the AR invoices against the revenue leases.

You can select the payment number, period name, approval status, export status, Receivables invoices, and such from the Payment Schedules section. Click the Receivables invoices number displayed to open the invoice from Lease Accounting. You can see the Receivables invoices originating from payments defined here.