When you generate any of our IFRS 16 Financial Reports in OneLease, it's always useful to check the reporting Logs. The Logs will show you which of your Agreements have successfully pulled through to the report you've generated, and for any Agreements that don't show up - the reason why.

Checking the Logs 

To view the reporting Logs, generate one of our IFRS 16 Reports in OneLease and click “Logs”.

To see only the Agreements that have successfully pulled through to your report, select “Hide Errors”. To see only the Agreements that have failed to pull through to your report, click “Hide Success”. You can search for a specific Agreement by entering the name or ID in the "Search Logs field. 

What are Error Logs?

In the Logs, if an Agreement has an Error Status, it means that the Agreement information has not been included in the report output due to an error. In the Message column, you'll see what that error is.

In the above example, a Data Issue has triggered the error, specifically caused by the interest rate being entered incorrectly. To make sure this Agreement can be included in the report output correctly, the interest rate needs to be fixed.

Sometimes it might be a bit tricky to work out what an error message means and how to fix it. You can check out this article to see some of the common error messages and how to resolve them. If you still can't resolve the error, or see a different error message than the ones in the article, please email us at support@nomosone.com and we'll be happy to help you out.

What's different about the OneLease Logs functionality?

Besides the fresh layout, there's a couple of extra changes to be aware of when using Logs:

• Logs come with a Classification to make it easier for you to determine what kind of issue you're dealing with. You'll see "Data issue" or "Processing issue" before the log description. “Data issue” means there's a data entry issue and “Processing issue” means there's an engine generation issue. 
• There's a Hide Excluded check box added to the Logs, which means that by default all Agreements that (1) don't have IFRS 16 Settings turned on, or (2) are Inactive in your Organisation will be excluded from your report. If you want to review the excluded Agreements you can uncheck the box to include them in the Logs.
• The ability to export logs is currently unavailable.

Nomos One does not provide or purport to provide any accounting, financial, tax, legal or any professional advice, nor does Nomos One purport to offer a financial product or service. Nomos One is not responsible or liable for any claim, loss, damage, costs or expenses resulting from your use of or reliance on these resource materials. It is your responsibility to obtain accounting, financial, legal and taxation advice to ensure your use of the Nomos One system meets your individual requirements.