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Administrator Guide
Last Updated: 2024-08-09
Generate Expense Recognition Accounting for Lease Contracts

Generate Expense Recognition Accounting for Lease Contracts

  • Create a lease-type supplier contract.
  • Security:
    Process: Supplier Contract - Expense Recognition
     domain in the Supplier Contracts functional area.
You can manually generate expense recognition accounting to record your lease transactions as operational journals on your ledger. You can also schedule Workday to generate the accounting for installments up to a specified number of days from the scheduled recurrence.
  1. Access the
    Create Expense Recognition Accounting
     task.
    Alternatively, from the related actions menu of
    Expense Recognition Installment
     in a contract, you can select the
    Expense Recognition Installment
    Create Expense Recognition Accounting
     related action.
  2. (Optional) Access the
    Schedule Expense Recognition Accounting
    task.
    When you select a filter criteria of
    Installment Date Days Ahead
     for monthly recurrence schedules, enter a number to include installments that have an installment date up to this number of days after the run date.
    Example
    : You enter
    15
     for
    Installment Date Days Ahead
    . Workday generates accounting for all installments with an installment date up to 15 days from the scheduled recurrence.
Workday generates expense recognition accounting and:
  • Sets the statuses of expense recognition schedule installments to
    Complete
    .
  • Records your installments as operational journals on your ledger.