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Administrator Guide
Last Updated: 2023-06-23
Create Spend Categories for Lease Accounting

Create Spend Categories for Lease Accounting

  • Set up security for lease accounting.
  • Security:
    Set Up: Spend Categories
     domain in the Procurement functional area.
You configure spend categories to direct operational journals for lease transactions towards applicable account sets. You assign spend categories on the goods lines when you create a lease-type supplier contract.
  1. Access the
    Maintain Spend Categories
     task.
  2. Select the transaction types you want from the
    Spend Category Usage
     prompt.
    Select these transaction types:
    • Procurement
    • Supplier Invoice
  3. Select the
    Lease
     and
    Track Items
     check boxes on the
    Asset Tracking
     section.
    If you enable
    Operating Lease IFRS or Public Sector
     and at least 1 other lease accounting option in your tenant, you can create alternate lease-type supplier contracts for operating leases.
    You can change spend category attributes if the spend category isn't in use.