Ability to Reduce/True Up Amount of Lease Incentive Booked as Part of a Modification - Support Advisory

Issue

Need the ability to reduce/true up amount of Lease Incentive booked as part of a modification (and not use all of TI allowance).

Recommended Solution

In this scenario, use Initial Direct Cost (IDC) to mimic negative Lease Incentive.

If you do not otherwise have IDC activity in the ledger, you could substitute the natural account code associated with the IDC accounting, with those associated with the Lease Incentive accounting.

If you do have IDC activity in the ledger, you will need to record a manual reclass entry in your ERP, moving the negative lease incentive transaction to the appropriate natural accounts.

Steps:

1. Record Modification.

2. Before classifying, go to Schedule workspace from Left NavBar (for modified deal).

3. Go to Expenses tile and add an IDC (it doesn't matter which IDC Type you use).

4. Enter the amount you want to reduce your lease incentive by in the Amount Paid field.

5. Click Add, then Save.

6. Classify modified deal.

7. Book modified deal.