Adjustment posting for migrated lease contracts - Note 2544232

[charmaine_m18]

Hi,

When carrying out migration for leased contracts there is a difference of the lease liability which is updated in the special flow, note 2544232 specifies that this difference should be written of manually.

  The current posting is :

Equity capital  (Dr)

Non Current Lease Liability  (Cr)

What should the adjustment posting be such that the lease liability is updated to the lease liability as calculated.

Regards,

Charmaine  

[JFPC · Accepted solution]

Hello Charmaine,

I am not sure if I understand the question completely. In general there will always be a difference between the RoU asset and the liability when migrating. This is due to the interest component in the liability.

When migrating you take over the existing values from the legacy system meaning the exact RoU asset value with the Acquisition posting and Accumulated depreciation. The liability is regenerated in SAP and should have the same value as was on the balance sheet of the legacy system.

The difference between both should already be accounted for in your legacy system on the GL account Accumulated profit. If we look at a posting scheme you must have postings like this.

Of course these might be other GL accounts but this is how the migration should be accountwise.

I hope this helps you further?

Best regards,

Jeroen Pasman

JFPC