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 type of change freezes the journal entries prior to the revision and your new cost center allocations take effect on and after the selected revision date.
The following information needs to be adjusted for this type of revision:
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