In this report we’ll just highlight some numbers from Lease changes, payments, and a month’s end report. If you want to make postings only on a summary level, you can just use this report for that purpose.
This report is a periodical report. So we list items on a monthly basis in the report. The maximum number of months you can have in the report is 3. So, if you would want to run the report periodically for a full year, you would need to run this 4 times. First quarter by selecting 1.1. as "Report start date" and then "Number of months" 3, then 1.4 and NoM 3 and so on...
Below is an idea of how to make summary level postings if you would like to use this report for that purpose. Here, we are assuming that you are adjusting your local accounting where you have the rental cost in P&L as an expense, and then you just convert that posting:
The row "Lease payment at start date" comes if you have entered a value under "Lease payments made on or before commencement date" -box into a lease agreement. This is the first payment of the lease that will not be added to lease flow, but that will be added to RoU Asset value. This value should be posted away from your local accounting rental cost. Report Additions to Right of Use Asset lists all these values agreement by agreement.
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