Security Deposit Not Transferring Over Beyond the 1^st Modification - Support Advisory

Issue

When a lease that has a Security Deposit recorded at lease inception goes through a second (*-M002) modification, the Security Deposit balance does not transfer over to the second modification. When the second modification (*-M002) is recorded, the Security Deposit balance is written off to Gain (Loss) on modification account on the *-M001 lease as part of the close out entry (as expected), but then not reinstated by reversing it as part of the takedown entry for the *-M002 lease.

What is the impact of the issue?

The Security Deposit account balance disappears, and the write-off generates an incorrect P&L impact.

Recommended Solution

Record a manual entry in the ERP debiting Security Deposit and crediting Gain (Loss) on modification for the amount of the deposit, and then track the deposit outside of LeaseAccelerator.