Lease Record Status
The following table lists the possible status for the Lease record:
|
Status |
Description |
|---|---|
|
Pending Lease Payments |
There are no lease payments or the lease payments are incomplete. To enter lease payments, see Adding Lease Payments. |
|
Pending Lease Schedules |
Lease payments have been entered, but the lease schedules have not been created. To generate a lease schedule, see Generating the Lease Amortization Schedule. |
|
Pending Lease Journal Creation |
Lease schedules have been created, but the lease journals have not been generated. The Create Lease Journal button appears next to the Edit button at the top of the page. To generate a lease journal, see Lease Journal Entries. |
|
Lease Transaction Attached |
A transaction to recognize the right-of-use asset and lease liability has been created. A link to the generated journal becomes available in the Lease record. |
|
Asset Proposed |
An asset proposal record has been created for the lease journal entry. The generated Asset Proposal is linked back to the Lease record. For more information, see Asset Proposal and Generation. |
|
Asset Created |
An asset record has been generated for the lease asset. The created Asset is linked back to the Lease record. |