Configurations

Set the Value to "true" to configure the "Payable Account Type" for contracts with Generate Vendor Invoice selected.

Set the GL account for offset journal entries in Nakisa Accounts Payable Automation.

This setting controls how the system clears the Accounts Payable (AP) Clearing balance when processing invoice postings. If the invoice postings are set up to debit the expense account and not the AP Clearing account, use this setting still be able to report the accurate AP clearing balance when matching Scheduled Payments.

When AP Offset is OFF (default behavior)

If the invoice is matched to a Scheduled Payment:

• Dr. AP Clearing
• Cr. Vendor AP

This directly clears the balance previously posted by NLA or NPM.

If the invoice is not matched to a Scheduled Payment:

• Dr. Expense
• Cr. Vendor AP

When AP Offset is ON

There is an additional offset step for matched Scheduled Payments.

For invoice amounts matched to Scheduled Payments:

• Step 1: Clearing Reclassification
  • Dr. AP Clearing
  • Cr. AP Offset Account
• Step 2: Invoice Recognition
  • Dr. Expense
  • Cr. Vendor AP

Result:

• The AP Clearing account is cleared via the offset
• The AP Offset account carries the intermediate balance
• Vendor liability is still correctly recognized

Set the threshold used when the application determines the suggested classification. The application compares PV/FMV*100 against this threshold.

Set the threshold used when the application determines the suggested classification. The application compares (lease term)/(asset useful life)*100 against this threshold.

Determines if the option to split postings to P&L accounts across multiple cost centers is available in Nakisa Lease Accounting Suite. By default, this setting is set to "false". This setting overrides the same one in the System Financial Setting table.

Note: Whenever the financial schedules are generated during activation group inception, the value of this setting is stored. If the financial schedules are regenerated in an activation group draft, the stored value is used.

This date defines the point at which all internal postings should be posted to the ERP system.

Select when the Nakisa SAP Posting Bot can start posting to the SAP ERP. Any postings triggered from the application with Document Dates that are earlier than the Cut-over Date will only be written to internal tables.

If configured, this setting takes precedence over the Cut Over Date set in System Financial Settings, but is overridden by the dates set in the Accounting Standard Determination table.

Determines the default indexation treatment for leases classified under ASC 842, per company.

• STANDARD: The indexed amount is recorded under Index Non-Lease Payment. When a subsequent non-indexation event occurs, any remaining non-lease payment amount is capitalized and shifted to a payment under the Index Lease Payment column.
• ENFORCE_NON_LEASE: The indexed amount is recorded under Index Non-Lease Payment, and does not shift if there are subsequent events.
• ENFORCE_LEASE: The indexed amount is immediately capitalized and recorded under Index Lease Payment (similar to the IFRS treatment).

Users can override this default indexation treatment the first time they perform an indexation event on the activation group.

Set the Value to "true" to use the spot rate in asset postings in the group currency. Otherwise, the currency conversion uses the historical rate or weighted average rate. DOCUMENT

This setting disables external posting validations performed when assessing if an activation group can be transitioned to the Lease End workflow status.

If this setting is enabled, then Lease End and Close workflow transitions can be completed on activation groups even if external postings have not been successfully processed.

This setting overrides the same one in the System Financial Setting table.

Set the Value to "true" to have the checkbox "Generate Vendor Invoice" on the contract Accounting page selected by default.

Set the Value to "true" to ignore (by default) other payment terms that occur on the same day and time as the Termination Option, Purchase Option, or Casualty, when the Modification Date of the activation group event is in the same period as the lease end term. Note that users still have the option of reselecting these other payment terms in the event.

Otherwise, if the Modification Date is in another period, or the field is set to "false", the other terms will not be ignored.

This setting overrides the same one in the System Financial Setting table.

If "Account Payable" is "true", you can select which vendor GL account is used (in the Vendor General Ledger Determination table) for the main accounting standard payment posting (when Generate Vendor Invoice is selected): 

• VENDOR_PAYABLE_ACCOUNT: The vendor GL account used is taken from the Vendor Payable Account column. This is the default value if the setting is not configured.
• VENDOR_PAYABLE_CLEARING_ACCOUNT. The vendor GL account used is taken from the Vendor Payable Clearing Account.

Note: If you are using the Accounts Payable batches in Nakisa Portfolio Management, this field must be set to VENDOR_PAYABLE_CLEARING_ACCOUNT for the contracts to be included in the batch.

When this setting is set to "true", Provision accounts can be set up for lessee contracts to accrue balances on certain dates based on payment amounts, which are then reversed by the actual payment amount on the payment date. Provision accounts can be set up for the primary standard.

You must configure the following Determinations tables (and all Relations information) for the Lease Classification Type "Provisioning" (which only becomes an option when the Provisioning setting is set to "true"): 

• Lessee Account Determination
• Non Lease Lessee Account Determination

You can also configure the following Determinations tables, if required: 

• Vendor General Ledger Determination table (for provision payment postings to Provision GL accounts when Generate Vendor Invoice is selected in the contract)
• Transaction Type Determination (for the "Provisioning" Transaction Type in the Relations section)
• Document Type Determination (for the "Provisioning" Posting Document Type). Note that if it is not configured, the system uses the default Accrual (SA) Document Type.

Set the Value to "true" to split lessee payments based on their Expense Category (configured in Lessee Account Determination) when Generate Vendor Invoice is not selected for the contract.

If configured, this setting takes precedence over the one in System Financial Settings.

Set the Value to "true" to enable tax calculations on postings, and to display the "Calculate Taxes" checkbox on the contract Accounting page in Nakisa Lease Accounting Suite.

If configured, this setting takes precedence over the Tax setting in System Financial Settings.

Note: You must configure Tax Code Determination if you enable this setting.

This setting determines which BAPI is used with SAP to calculate taxes on postings.

• Basic: Net tax calculation, calculated by SAP (using CALCULATE_TAXES_NET)
• Advanced: Net tax calculation, calculated using a third party associated to SAP (USING FI_TAX_SERVICES_CALCULATE). Note that the tax calculation request is still sent to SAP (and not directly to the third party).

If configured, this setting takes precedence over the one in System Financial Settings.

Set the Value to "true" to use the Transaction Types configured in the Transaction Type Determination table in posting documents.

When a contract is approved, this configuration is stored. If this table configuration is changed, it only applies to newly approved contracts.

Set the Value to "true" to configure the "Payable Account Type" for contracts with Generate Vendor Invoice selected. By default, the vendor payable/receivable GL account is used.

This setting affects how the system-suggested classification is determined under ASC842. If there are two ASC 842 schedules (for finance and operating), this setting determines which PV is used in the PV/FMV*100 calculation that is compared with the "Classification Percentage FMV" setting configured for the company.

• EITHER: The PV from the finance schedule is used in the comparison calculation.
• MIN: The lowest PV from the finance or operating schedule is used in the comparison calculation.
• MAX: The highest PV from the finance or operating schedule is used in the comparison calculation.

By default, this setting is set to "EITHER".

Determines if the option to split postings to P&L accounts across multiple cost centers is available in Nakisa Lease Accounting Suite. By default, this setting is set to "false". This setting is overridden by the same one in the Company Financial Setting table.

Note: Whenever the financial schedules are generated during activation group inception, the value of this setting is stored (unless it is overridden by the Company Financial Setting). If the financial schedules are regenerated in an activation group draft, the stored value is used.

This date defines the point at which all internal postings should be posted to the ERP system.

Select when the Nakisa SAP Posting Bot can start posting to the SAP ERP. Any postings triggered from the application with Document Dates that are earlier than the Cut-over Date will only be written to internal tables.

This setting is overridden by the date set in the Accounting Standard Determination table and the Company Financial Settings.

Select the default Payment Mode (ADVANCE or ARREARS) that is used in the terms and conditions in lease components. By default, this setting is set to ADVANCE.

Select the default Reversal Reason that is used for document reversals in Batch Management Posting Jobs.

This setting disables external posting validations performed when assessing if an activation group can be transitioned to the Lease End workflow status.

If this setting is enabled, then Lease End and Close workflow transitions can be completed on activation groups even if external postings have not been successfully processed.

This setting is overridden by the same one in the Company Financial Setting table.

If the SAP WEBGUI is configured to run with the application, enter the URL that will link Nakisa Lease Accounting Suite to the SAP WEBGUI. Note that users are responsible for providing a working WEBGUI link.

Set the Value to "true" to have the checkbox "Generate Vendor Invoice" on the contract Accounting page selected by default.

Set the Value to "true" to ignore other payment terms that occur on the same day and time as the Termination Option, Purchase Option, or Casualty, when the Modification Date of the activation group event is in the same period as the lease end term. Otherwise, if the Modification Date is in another period, or the field is set to "false", the other terms will not be ignored.

This setting is overridden by the same one in the Company Financial Setting table.

In addition to the company currency (i.e., first local currency in SAP), you can define additional parallel currencies by setting the Boolean value to "true". The application checks the exchange rate type configuration in the Exchange Rate Type table, and then retrieves the required exchange rate from the Exchange Rate table.

If this setting is enabled, you must configure one exchange rate type entry per SAP local currency.

Note: Whenever the financial schedules are generated during activation group inception, the value of this setting is stored. If the financial schedules are regenerated in an activation group draft, the stored value is used.

If "Account Payable" is "true", you can select which vendor GL account is used (in the Vendor General Ledger Determination table) for the main accounting standard payment posting when Generate Vendor Invoice is selected: 

• VENDOR_PAYABLE_ACCOUNT: The vendor GL account used is taken from the Vendor Payable Account (lessee) or Vendor Receivable Account (lessor) column. This is the default value if the setting is not configured.
• VENDOR_PAYABLE_CLEARING_ACCOUNT. The vendor GL account used is taken from the Vendor Payable Clearing Account (lessee) and Vendor Receivable Clearing Account (lessor).

To send the contract ID it the "Item Text" field in all postings to SAP, select "true" for this setting.

When this setting is enabled, then for all subsequent postings to Balance Sheet GL accounts, Nakisa Lease Accounting Suite stores the Profit Center (if it was set), which can then be sent by Nakisa SAP Posting Bot to SAP. Note that if Cost Center Allocation is enabled and there are multiple Cost Centers and Profit Centers defined in the contract, the application stores and sends the main Profit Center to Balance Sheet accounts.

This setting is disabled by default.

Set the Value to "true" to split lessee payments based on their Expense Category (configured in Lessee Account Determination) when Generate Vendor Invoice is not selected for the contract.

Set the Value to "true" to enable tax calculations on postings, and to display the "Calculate Taxes" checkbox on the contract Accounting page in Nakisa Lease Accounting Suite.

Note: You must configure Tax Code Determination if you enable this setting.

This setting determines which BAPI is used with SAP to calculate taxes on postings.

• Basic: Net tax calculation, calculated by SAP (using CALCULATE_TAXES_NET)
• Advanced: Net tax calculation, calculated using a third party associated to SAP (USING FI_TAX_SERVICES_CALCULATE). Note that the tax calculation request is still sent to SAP (and not directly to the third party).

This setting is overridden by the same one in the Company Financial Setting table.

This setting determines which user is displayed in the USERNAME field on SAP posting documents. When the switch is set to "False", the posting documents will list the user who created the posting job in the Nakisa SAP Posting Bot. When the switch is set to "True", the posting documents will list the user defined in the SAP system connection string. Note that if the setting is set to "False" and a user creates a scheduled posting job, the system will use the service user defined in the Nakisa Cloud Platform in the posting documents.

When this setting is enabled, the Vendor Number is sent in the ALLOC_NMBR field in postings. Note that if there is a vendor split, only one Vendor Number is sent in the posting.

Note: When this setting is changed, it only affects the postings for activation groups that are activated after the change.