1. Implementing Lease Accounting
  2. Set Up Subledger Accounting

Set Up Subledger Accounting

You must set up Subledger Accounting.

Oracle Lease Accounting seeds all the subledger components and adds them to the accounting method: 'Standard Accrual.'

If you're using any custom accounting method, then you must add the accounting event classes. These could include the following event classes along with their relevant Journal Entry rule sets:

  • Lease Booking
  • Lease Expense
  • Lease Revision
  • Lease Pay Approval
  • Lease Termination
  • Lease Impairment

You can add these components from the Task: Manage Accounting Methods. After adding these subledger components, run the Oracle Enterprise Scheduler: Update Subledger Accounting Options for the changes to take effect.

You can duplicate the predefined components and change the default accounts and such.