Mid-Year Changes to Cost Center Allocations
Add a revision to a lease to account for a change to cost center allocations mid-year.
This will freeze the journal entries prior to the Revision, and your new cost center allocations will take effect on and after the Revision date.
For this type of revision, the following information will need to be adjusted:
GL Accounts:
- Update Cost Center allocations here
Update the following to match the original lease:
- Lease Term
- Discount Rate
- Lease Payments
- Lease Classification
- GL Accounts