Confirm Asset leasing payment schedules in a batch

This article explains how to confirm multiple payment schedules in a batch. Payment schedules are confirmed either on a lease-to-lease basis or through the confirmation batch process. A journal entry can be posted only against a lease that has a confirmed payment schedule. Confirmation of the payment schedule serves as a final approval of the financial information for the lease. All future changes to the financial information for the lease, such as payments and the lease term, constitute a lease adjustment and should be processed in that way.

To confirm multiple payment schedules, follow these steps.

1. Go to Asset leasing > Periodic > Confirmation batch.

2. On the Confirmation batch page, select Confirmation batch.

3. In the dialog box that appears, filter for the books that you want to confirm.

   • To confirm all the books in a specific lease group, select the group in the Lease group field.
   • To confirm specific books, select the books in the Book ID field.
   • To confirm all books, turn on the For all books parameter.

Information for the newly confirmed books is shown on the Confirmed books page. After the payment schedules are confirmed, the initial recognition journal entries can be posted against the leases.