Use unique journal names for lease modification
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|Enabled for||Public preview||General availability|
|Users, automatically||-||Feb 28, 2022|
This feature lets you post modified lease transactions to journals that are different than the ones used for lease payments, interest, and depreciation transactions. This functionality ensures that the lease journals can have approval steps without affecting modification transactions.
You can use this feature to define journal names specifically for transactions that modify leases. This can include lease adjustments, lease terminations, and lease impairments. The system uses the journal entered in the Initial recognition journal name field. Other transactions, including liability amortization, lease payment, and depreciation, use the journal name in the Lease journal name field.
Set up lease journal names (docs)