Use unique journal names for lease modification


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Enabled for Public preview General availability
Users, automatically - Feb 28, 2022

Business value

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.

Feature details

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.

See also

Set up lease journal names (docs)