Adjustment wizard for asset leases


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Enabled for Public preview General availability
Users by admins, makers, or analysts - Apr 30, 2021

Business value

This feature streamlines the adjustment process for parent leases and helps prevent errors by automatically calculating the effect of the adjustment. The adjustment wizard also provides transparency into the adjustment entry by letting you preview the adjustment before it’s posted.

Feature details

The adjustment wizard lets you select a lease to adjust, update the financial information, and then preview the adjustment entry and other key financial information before processing the adjustment. The lease adjustment process includes workflow capabilities to implement any needed approval steps before adjusting a lease. You can preview the carrying values of the right-of-use asset, lease liability, and the adjustment journal entry before finalizing the lease adjustment. The adjust book function will remain the same because this feature is used for adjusting only parent leases and their associated books.

See also

Adjust leases (docs)