Assign Book Codes to Lease Contracts
Security:
Set Up: Supplier Contract Accounting
domain in the Procurement functional
area.You can set up book code configurations for each company that uses lease accounting. Book code
configurations help you group lease accounting transactions under different
reporting requirements. You can then generate financial reports under different
lease accounting reporting requirements.
When you create a lease contract, Workday generates the operational journals of the
initial recognition entry and expense recognition installments in the book codes you
provide. Workday records transactions from supplier invoices of lease-type supplier
contracts to the common book code.
- Access theMaintain Lease Contract Book Code Configurationtask.
- Assign contract types to book codes by company or company hierarchy.You don't have to configure book codes for financial leases. If you don't configure book codes, Workday records all related lease transactions to the common book code.
- (Optional) Set up book code configurations for alternate lease-type supplier contracts.
Create a lease-type supplier contract.