Creating a journal entry event setup from journal entry event setup template

As a lease accountant, you can create a journal entry event setup from a journal entry event setup template.

Before you begin

You must sign in as a Lease Accountant.

Procedure

  1. Go to Contracts > Contract Set Up > Data Utilities > Contract Journal Entry Setup Utility.
  2. Click Add.
  3. In the Contract Journal Entry Setup Utility form, enter the Reason for Update in the General section.
  4. In the details section, enter the following:

Field name Description
Business Unit Select a business unit
Journal Entry Lease Type Select Asset Lease or Real Estate Lease
Default Record Journal This will check the Record Journal on all the Journal Entry Event Setup records created.

  1. Under Contract Journal Entry Event Setup Template section, click Find.
  2. Select all the Contract Journal Entry Event Setup Templates that need to be created as Lease Journal Entry Event Setup for the selected business unit and click OK.
  3. Click Create and then click Process.
  4. Go to Contracts > Contract Set Up > Financials > Contract Journal Entry Event Setup.
  5. After the process is completed, the Journal Entry Event Setup records with associated Journal Entry Setup records will be created for those selected Journal Entry Event Setup Template records for the selected business unit.
    Note: If a Journal Entry Event Setup record already exists, then the system will merge from Journal Entry Event Setup Template record. While processing the Contract Journal Entry Setup Utility, if the logic encounters Journal Entry Templates with similar types (different versions but the same properties). Those Journal Entry Templates will be moved to the 'Duplicate Journal Entry Event Templates' section, which displays an attention message to the user.