Fiscal Calendar for Asset Leasing?

(2) Share

Report

Posted on by Paul3131

How do I incorporate our fiscal calendar into Asset Leasing? The fiscal calendar is setup and works fine in other areas. Not finding the setting for the Asset Leasing module.

All responses (3)

Answers (0)

JH-16121729-0 9 on at

Like (0)

Report

Fiscal Calendar for Asset Leasing?

this is something we need - because the lease module creates the entry and reversal on the same voucher - even if we changed the dates to align, the system automatically changes all 4 lines to be the same date, thus defeating the whole process.

Why can't the fiscal period be applied to asset leasing? This should absolutely already be a part of this system.
Paul3131 6 on at

Like (1)

Report

RE: Fiscal Calendar for Asset Leasing?

We have a 53/52 week fiscal year so our period-end dates aren't consistent. The entries always want to date for the 1st. We have some periods with 2 1st so it requires fudging.

The short-term liability reclass entry doesn't seem to be able to be easily changed so we have to manually do this. It always dates for the last day of the month with reversal on the following date. This doesn't work when your period doesn't end on that date.
RaghavGupta 15 on at

Like (0)

Report

RE: Fiscal Calendar for Asset Leasing?

Hi Paul3131,

As far as my limited experience in dealing in Asset leasing module goes, there is no button where we can select the fiscal calendar that needs to be applied to the leases. It shall follow the calendar that has been setup in the ledger setup under the General ledger module. All we need to do in the Asset leasing module is to provide the time frame of the lease for it to build all the relevant schedules. The accounting is in the hands of the user and shall follow the fiscal calendar that is setup in the system.