1. Using Lease Accounting
  2. Process Payments for Property Revenue Leases

Process Payments for Property Revenue Leases

You can process property revenue lease payments using the activity side panel. You can export the payments defined in Lease Accounting to Receivables to generate autoinvoices.

You can run the process lease payments program for property revenue leases from the side panel.

Process Payments for Property Revenue Leases:

  • Select Process Payments for Property Revenue Leases from the side panel to run the program.

  • The following parameters are available in Basic Options:

    • Process Type:

      • Lease Payments

    • Business Unit: Select the business unit from which you want to process lease payments for property revenue leases.

    • Lease Number: Select the lease number that you want to process lease payments for property revenue leases.

    • Period: Select the period for which you want to process lease payments for property revenue leases.

    • From Payment Due Date: Select the payment due date from which you want to process lease payments for property revenue leases.

    • To Payment Due Date: Select the payment due date to which you want to process lease payments for property revenue leases.

    • Payment Type: Select the payment type for which you want to process lease payments for property revenue leases.

      • Abatement

      • Appliance Rental

      • Base Rent

      • Common Area Maintenance

      • Cleaning

      • Deposit

      • Depreciation

      • Direct

      • Escalation

      • Payment of Option

    • Payment Purpose: Select the payment purpose for which you want to process lease payments for property revenue leases.

      • Base Rent

      • Cleaning

      • Depreciation

      • Insurance

      • Operating Expense

      • Percentage

      • Rent

    • Customer Name: Select the customer for whom you want to process lease payments for property revenue leases.

    • Bill-to Site: Select the bill-to site from which you want to process lease payments for property revenue leases.

    • 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 AutoInvoices.

      • Select No to stop the import of AutoInvoices.

  • Oracle Lease Accounting notifies you when the process completes if you check the notify checkbox.

  • Select Submit to run the process.

  • You must run Create Accounting after the update.