Lease Payables Processing for Approved Payments

Export only approved lease payments to Oracle Fusion Cloud Payables for payment processing.

Lessees typically pay their lessors and other parties associated with their leases each period for rent, service, insurance, common area maintenance charges, or other amounts included in the leases.

Create lease invoices automatically in Payables for payment processing using the Expense Lease Payments process. After lease administrators review and approve lease payments, they can now schedule the Expense Lease Payments process to export only approved payments to Payables.

To schedule the Expense Lease Payments process to export only approved payments to Payables:

1. Select Process Expense Lease Payments from the side-panel.
2. Complete the below parameters according to your requirements to identify the payments to be processed:
   • Business Unit: Mandatory. Select a Business Unit.
   • Lease Number: Optional. Select a Lease Number to process payments for a specific lease.
   • Period: Optional. Select a Period to process payments for a specific period.
   • From and To Payment Due Date: Enter From and To Payment Due Dates to process payments for a specific payment due date range.
   • Payment Type: Optional. Select a Payment Type to process payments for a specific payment type.
   • Payment Purpose: Optional. Select a Payment Purpose to process payments for a specific payment purpose.
   • Supplier Name: Optional. Select a Supplier Name to process payments for a specific supplier.
   • Supplier Site: Optional. Select a Supplier Site to process payments for a specific supplier site.
3. Leave the Payment Processing parameter blank. This enables exporting only previously approved payments to Payables.
4. Select Export to Payables as Yes to export the selected payments to Payables.
5. Select Launch Import Payables Invoice as Yes to launch the import of the Payables invoices.
6. Submit the process.

The following screenshots describe the process of scheduling the Expense Lease Payments process to export only approved payments to Payables:

Side-Panel - Process Expense Lease Payments

Process Expense Lease Payments

Business benefits include:

• Increases financial control and compliance by preventing unapproved lease payments from being processed.
• Reduces manual effort in payment selection and minimizes errors by automating the export of only approved lease amounts for payment through Payables.

Steps to enable and configure

You don't need to do anything to enable this feature.

Key resources

Based on Idea 914385 from the Lease Accounting Idea Lab on Oracle Cloud Customer Connect.

Access requirements

No new access requirements