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Reply from Ron Roberts on Dec 18 at 2:48 PM Without going into many calculations, here is some information:
The asset you set up represents the net present value of the capitalized lease payments, discounted using the appropriate interest rate. So let's assume the following:
Gross value of future payments to vendor = 120,000 which is 10,000 per month for 10 years.
Present value = 72,000 (just a number I picked, you must calculate this).
So interest portion of future vendor payments = 48,000
at initial set up, record the 120 vendor payments via FBD1 - Recurring vendor invoice entry...
credit vendor payable and debit some clearing G/L account
Set up capitalized asset through F-02 with debit to asset number and credit to same clearing G/L account
Reclassify balance remaining in G/L clearing account into a deferred interest expense G/L account (on balance sheet)
Ending result:
Asset = 72,000
Deferred Interest = 48,000
Vendor A/P = (120,000)
| | | ---------------Original Message---------------
From: Kanna
Sent: Friday, December 12, 2014 7:57 AM
Subject: Migration of Legacy Lease Assets
Our client is having legacy lease assets and I have configured all the necessary settings for leases. Now I need to migrate all the legacy lease assets. I am using LSMW to load lease asset master records but now the question is how do I raise vendor open items.
When we create a lease asset we use AS01 and give all the lease information in leasing tab. Using Opening Posting from AS03 we can post value to asset and vendor. but using AS91 we can only post value on asset side how do we post vendor balance.
I will really appreciate if anyone will suggest what is the procedure to meet this requirement.
Kanna |
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