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- No clear functionality to eliminate accrued rent against the ROU Asset
- No functionality to determine which period PLP and LEX entries belong to for cleanup.
- Straight-line LEX distributions lines going to the wrong distribution type (RT instead of AA)
How is your transition to ASC 842 going with PeopleSoft Lease Administration? Please share any issues, lessons learned or successes!
@jefferson-bauer . We have not seen first and third issue. Not sure if there is a setup difference. Second issue persists but it is manageable with process
@jefferson-bauer Hi Jeff, have several Oracle JDE clients up and working with a couple of issues. Overall the applications is working for them.
@bhay-drolia We applied image 30, but have seen multiple issues.
Have you come across of any of these issues?
@jefferson-bauer We transitioned to 842, and there are some minor issues, but for the most part, it is working. It is recommended to go with image 30+ to eliminate most of the lease module issues. We have multiple clients now live on 842 with a very large portfolio of leases