Define Account Posting Rules for Lease Accounting

Administrator Guide

Set up lease accounting.

Create an account set for lease accounting.

Security: Set Up: Accounts
domain in the Common Financial Management functional area.

You can define the account posting rules and posting rule conditions for your lease ledger accounts. You can use the posting rules to determine the ledger accounts Workday records and posts lease transactions to.

Access the

View Account Posting Rule Set

report.

Set up account posting rules for lease accounting.

Workday automatically uses the

Spend

account posting rule for new lines on your lease-type supplier invoice. You have to set up these rules for lease transactions:

Lease Asset

Lease Asset Contra

Lease Expense

Lease Liability

(Optional)

Business Asset Multibook Settlement

when you enable multibook asset accounting in your tenant.

Click

Edit Posting Rule

for each lease transaction.

As you complete this task, consider:

Option	Description
Dimension	Select these dimensions: Accounting Treatment Interest Lease Accounting Method Lease Type Spend Category

Workday creates journal entries that record:

Amortization of lease liabilities.

Amortization of right-of-use (ROU) assets.

Depreciation expenses.

Initial recognition entries.

Interest for operating and financial leases.

Lease expenses.

Set up supplier contract types for lease accounting.

Steps: Set Up Lease Accounting

Set Up Account Posting Rules

Create Spend Categories for Lease Accounting