Lease Journal Entries
When the interest schedules for the lease record are generated, the Create Lease Journal button becomes visible on the Lease record. This button is only available if no journal entry has been created for the lease record.
This process debits to the Right-of-use asset and credit to the Lease Liability. The generated lease journal is used to propose and create a leased asset. The leased asset goes through the whole asset life cycle.
To learn more about lease journal entries, read the following topics: