Returning a lease

During the review, a contract administrator can return the lease to a lease accountant, or a lease accountant can return the lease to a contract administrator if any information is found to be incorrect or needs to be changed.

Returning lease to a lease accountant

About this task

While a Contract Administrator is reviewing the lease information, if some information that is entered by the Lease Accountant is incorrect, the Contract Administrator can return the lease to the Lease Accountant.

Procedure

  1. Open the returned lease and correct the information or make the changes that are requested by the lease accountant.
  2. Review all the information and after the lease is ready to send to a lease accountant to review, click Submit For Accounting Review.
    The lease accountant is notified to review the lease.

Returning a lease to a contract administrator

About this task

While a lease accountant is reviewing the accounting information, if some information that is entered by the contract administrator is incorrect, the lease accountant can return the lease to the contract administrator. This procedure can be performed when the status of a lease is either Draft Accounting In Review or Revision Accounting In Review.

Procedure

  1. On the lease, click More and then click Return.
  2. On the Accounting Review Log pop-up form, go to Details section and enter the changes needed under Comment.
  3. Click Create.
    The lease is closed and a notification is sent to the contract administrator that the lease is returned for corrections.

Results

If the status of the lease was Draft Accounting In Review, it is now changed to Draft Returned. If the status of the lease was Revision Accounting In Review, it is now changed to Revision In Progress Returned.