How to handle a Lease Modification

When leases are amended in Lease Administration, there is a change in the status within Lease Accounting. A lease will move from the "Completed" state to "Pending Changes".

In this status, you will be prompted to remeasure the lease once you click into a lease that is "Pending Changes."  

After clicking "Remeasure", you will be taken to the Measurement Process screen, where you will complete the measurement as of the amendment/modification date.

Once you complete, you will see the new remeasurement summary:

As you review the amortization schedule, the fiscal period of the remeasurement will be highlighted orange to show the change in the amortization table. Also, when exporting the Amortization Schedule into Excel, there will be multiple tabs showing the amortization schedule, before and after the remeasurement.